Flood Insurance Update and Tax Credit Closing Deadline

Updated 6/29/2010

National Flood Insurance Program:

It passed the House of Representatives but the Senate must still pass the bill. The consideration of H.R. 5569 (National Flood Insurance Program Extension Act of 2010) will be this week. Take action: http://takeaction.realtoractioncenter.com/campaign/nhip_rhs_two. 

Tax Credit Closing Deadline: 

An extension HAS NOT been passed. NAR is pursuing all possible options with senior congressional staff to determine what other legislation may be available. Each of the possible options face difficult obstacles... the Senate did not have any votes as of Friday.  Proceed as if the June 30, 2010 date is binding.