NAHB Opposes HUD’s New Flood Standard
On Dec. 27, NAHB filed comments opposing HUD’s planned implementation of the Federal Flood Risk Management Standard (FFRMS). As we previously reported, NAHB believes the proposed rule is substantially flawed and should be withdrawn.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 …