Temporary Extension Granted for National Flood Insurance Program

first_img Demand Propels Home Prices Upward 2 days ago May 30, 2019 2,721 Views Temporary Extension Granted for National Flood Insurance Program  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: Congress flood Natural Disasters nfip Home / Daily Dose / Temporary Extension Granted for National Flood Insurance Program The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Demand Propels Home Prices Upward 2 days agocenter_img Congress flood Natural Disasters nfip 2019-05-30 Mike Albanese Share Save The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Loss Mitigation, News About Author: Mike Albanese Post updated at 8:31 a.m. on Friday, May 31The National Flood Insurance Program (NFIP) received a last-minute extension Thursday evening, preventing the program from lapsing.The Advocate reports Congress is expected to pass yet another extension–the 12th in two years–on Monday when it returns from its recess. The anticipated extension set for Monday would extend the program to September as Congress discusses a long-term solution.The NFIP covers 5 million policyholders in flood-prone areas.The program was set to expire at 11:59 p.m. on Friday, May 31, and two prior attempts to extend the program failed. The Senate had approved two bills to extend the program: the first is part of the disaster relief legislative package that would extend the NFIP through Sept. 30, and the second would provide a two-week extension.Two prior attempts to gain unanimous consent were block by representatives Chip Roy (R-Texas), Thomas MaThe National Association of Home Builders states that Congress requires all properties with the 100-year floodplain purchase with a federally-backed mortgage to carry flood insurance. A short-term shutdown means insurers and insurance agents cannot sell or renew flood insurance policies back by the program because of lack of government funding. The results could mean new or renewing federal flood insurance policies not be written during the lapse.The U.S. House of Representatives passed H.R. 2578 earlier in April, which would have extended the NFIP’s authorization to September 30.“The NFIP plays an important role in disaster preparedness and resiliency by providing flood maps, setting standards for floodplain management, and investing in mitigation for our homes, businesses, and infrastructure. According to the Federal Emergency Management Agency, everyone is at risk of flooding,” said Maxine Waters, Congresswoman Maxine Waters (D-CA) and Chairwoman of the House Financial Services Committee. “That means that this is not just a coastal issue—we all have an interest in ensuring a strong National Flood Insurance Program. Mike Albanese is a reporter for DS News and MReport. He is a University of Alabama graduate with a degree in journalism and a minor in communications. He has worked for publications—both print and online—covering numerous beats. A Connecticut native, Albanese currently resides in Lewisville. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: U.S. Bank Sues Bank of America Over RMBS Issues Next: Measuring Pending Home Sales and Affordability Subscribe Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days agolast_img read more

Indonesia’s Ramadan school moves online amid coronavirus epidemic

first_img“The chemistry is absolutely different as we don’t meet in person,” Winardi said of the online lessons. “But we try some ice-breaking activities, such as shouting ‘God is greatest’. Hopefully it encourages them to memorize the Quran.”Joining the class from the capital, Jakarta, alongside classmates from South Sumatra and West Java, Muhammad Umar Abdurrahman, 11, said he enjoyed the lesson, although his father saw room for improvement, such as more comprehensive course material.Most residents of Jakarta have been staying home since March 20 as part of social distancing measures, which have seen schools and businesses close, and gatherings of more than five people banned until May 22.Indonesia, which has the highest coronavirus death toll in East Asia outside China, has reported more than 12,000 coronavirus cases and 872 deaths, as of on Tuesday.Topics : “Due to COVID-19, we’re restricted from activities outside our houses so we started the online Islamic course,” said Gemia Indria, one of the organizers.”And it turns out online teaching removes geographical barriers, so we can reach out to more participants.”Known as pesantren kilat, which loosely translates as “intensive Islamic boarding school”, the course teaches students about Islam, as well as creative ways to recite the Quran, such as through hand gestures.The gestures, Winardi explained, can act as fun prompts to help primary school students, most aged from 6 to 12 years old, recall religious verses. Each year during the fasting month of Ramadan, Indonesian tutor Ahmad Winardi has taught a special course for students in the world’s biggest Muslim-majority country to deepen their knowledge of Islam.But this year, the novel coronavirus has brought a Ramadan like never before, with shuttered mosques and strict physical distancing regulations, and so Winardi has moved his Islamic studies online.One consequence is that the courses, previously held only in cities on the islands of Java and Sumatra, have this year attracted a wider range of students in the archipelago, including from Kalimantan.last_img read more

An iconic home with plenty of character to sell for over $1M

first_imgInside 69 Kingsley Parade, Yeronga. Photos: suppliedMr Merchant said the current owners had planned to renovate and extend the existing house, as well as build a character home behind it on the vacant lot, once the property was subdivided in order to complement the character of the area.“However, due to a change in their circumstances they will no longer be pursuing their plans for the property and are keen to see it passed on to someone with an equally passionate vision for the property,” Mr Merchant said.With developers, builders, renovators and families looking to build their dream family home, Mr Merchant said the property could “make some money” on the side, with the potential of the block and subdivision.”The property is being sold by negotiation, offers welcome. 69 Kinglsey Parade, YerongaMore from newsParks and wildlife the new lust-haves post coronavirus13 hours agoNoosa’s best beachfront penthouse is about to hit the market13 hours agoHe said the pre-1911 property, which has a three-street frontage, was expected to sell for about $1.5 million.According to CoreLogic data, the current median house price in Yeronga is $802,500.Mr Merchant said the “Pink House” was one of the first houses in the district and became a talking point among Brisbane residents because of its distinct colour scheme, and cute in appearance. “It tends to catch everyone’s eyes easily and it has been around for ages. The character features also help the property stand out, such as the original looking external chimney which has a brick wall going all the way down the side through the house and through the external timber cladding,” he said,“It has just come to be one of those talked about houses in the community where great-grandparents to great-grandkids have all seen it exist over the years in their area.” 69 Kingsley Parade, Yeronga. Photos: suppliedTO some this shabby character home in one of Brisbane’s riverside suburbs might be an absolute eyesore, to others it’s a dream renovation project.Having recently hit the market, and tipped to sell for more than $1 million, the four-bedroom property at 69 Kingsley Parade, Yeronga is known as the iconic “Pink House”.Selling agent Arshan Merchant, from Ray White East Brisbane, said the home was on a massive 1,146sq m flat block of land and had not been affected by the floods.Mr Merchant the opportunities for buyers were “endless”.“The property can be subdivided without moving the existing home, renovated or kept as an investment,” he said.last_img read more