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After what seems like forever, the House unanimously has passed a bipartisan bill to renew the NFIP until 2024. The bill includes a retroactive effective date if it does not come into effect until after the current program expires in September. Also included are means-tested discount rates for eligible household, annual income determinations for such rates, allows for monthly installment payment of premiums instead of annual payments, and allows for low-interest loans for eligible property owners.

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