National Flood Insurance Program Extended Through September 2025 Under New Act

Congress is considering the "NFIP Extension Act of 2025," a straightforward bill aimed squarely at keeping the National Flood Insurance Program (NFIP) operational. The core function of this act, as outlined in Section 2, is to push the program's expiration date from September 30, 2023, further down the road to September 30, 2025. This keeps the lights on for the program, extending both its general authority (Section 1319 of the original 1968 Act) and its ability to borrow funds (Section 1309(a)).

Why does this matter? Think of it as preventing a major disruption for homeowners and the housing market, particularly in flood-prone areas. The NFIP is the primary source of flood insurance for millions. If it lapses, homeowners might find it impossible to get required flood insurance, which can halt home sales and refinancing since lenders often mandate this coverage. This extension provides temporary stability, ensuring policies can still be written and renewed. Interestingly, the bill includes a provision stating that if it becomes law after March 14, 2025, the extension still counts as if it happened on March 14, 2025 – basically, a safety net to avoid any accidental gaps in authorization.