GAO Progress Report Rains & Shines on FEMA
The GAO issued its report on FEMA's efforts to implement Biggert-Waters Flood Insurance Reform Act and the amending Homeowner Flood Insurance Affordability Act (HFIAA). The report notes some successes, but also identifies challenges for FEMA for full implementation as a result of resource issues, the complexity of the legislation, and the need to balance the National Flood Insurance Program's (NFIP) financial solvency and affordability goals. [2/20/2015]