ShareWASHINGTON (December 21, 2024) – Today, National Association of Realtors® (NAR) President Kevin Sears issued the following statement after the United States Congress passed a continuing resolution (CR), funding the government until March:
"NAR applauds lawmakers for passing a stopgap funding measure and keeping our government open and running. We thank Congress for continuing to extend the National Flood Insurance Program (NFIP) as part of the CR. As the 118th Congress nears its end, NAR looks forward to working with the new Congress to make long-term reauthorization and reform a priority moving forward."
"Our association is also pleased that this Congress included $12 billion for HUD’s Community Development Block Grant Programs directed towards disaster relief. This addition sheds light on the importance of not only the need for new inventory, but also the reconstruction of existing infrastructure in devastated areas."
The CR that passed today funds the federal government until March 14, 2025. The stopgap funding measure includes funding for the NFIP, disaster relief, and farm aid programs. NAR sent a letter to Congress on Wednesday, pointing out that since 2017, the NFIP has been given 31 short-term extensions.
About the National Association of Realtors®
As America’s largest trade association, the National Association of Realtors® is involved in all aspects of residential and commercial real estate. The term Realtor® is a registered collective membership mark that identifies a real estate professional who is a member of the National Association of Realtors® and subscribes to its strict Code of Ethics. For free consumer guides about navigating the homebuying and selling transaction processes – from written buyer agreements to negotiating compensation – visit facts.realtor.
