The federal government shutdown has suspended the National Flood Insurance Program, putting thousands of real estate transactions at risk. Shannon McGahn, NAR’s chief advocacy officer, told HousingWire, “Each day of the shutdown impacts America’s housing market. Understanding the NFIP’s roleThe NFIP, managed by FEMA, provides flood insurance to property owners, renters and businesses. Lenders typically require flood insurance for mortgages in high-risk flood areas. The program’s suspension highlights its crucial role in the housing market.