NAHB Opposes HUD’s Proposed Flood Rule

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On Dec. 27, NAHB filed comments opposing HUD’s planned implementation of the Federal Flood Risk Management Standard (FFRMS). As NAHB previously reported, it believes the proposed rule is substantially flawed and should be withdrawn. “HUD’s proposal unnecessarily expands floodplain management requirements and fundamentally threatens access to FHA mortgage insurance programs for single-family home buyers and… Read more »

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Source: Homes and Lifestyle