The National Association of Home Builders' news blog was out Wednesday with news regarding the Department of Housing Development's plans to vastly expand the 100-year flood plain: They have been delayed.
The House Appropriations Subcommittee on Transportation, Housing and Urban Development, and Related Agencies (T-HUD) today approved $38.7 billion for HUD in fiscal year 2017. This is an increase of $384 million above the fiscal 2016 enacted level and $500 million less than what Senate appropriators are proposing for the department.
In a victory for NAHB, the House T-HUD bill contains language that delays HUD from implementing last year’s executive order signed by President Obama that would allow the agency to expand the floodplain well beyond the 100-year floodplain for all HUD programs. Specifically, the legislative language stipulates that no funds shall be appropriated for the executive order until at least 90 days after the HUD secretary submits a cost-benefit analysis, as well as a detailed nationwide floodplain map.