Commercial real estate impact of the Homeowner Flood Insurance Affordability Act
from Indiana Commercial Board of Realtors
Commercial Properties were among the hardest hit by the implementation of Biggert-Waters. NAR heard your concerns with implementation loud and clear and with your help successfully lobbied for the passage of the Homeowner Flood Insurance Affordability Act, S. 1926 in the Senate and H.R. 3370 in the House. NAR is working to ensure that the House bill is taken up by the Senate. Below is a summary of the current-law and House bill provisions on flood insurance rates for commercial properties.
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