Newsnews

Wed Oct 9, 2019, 02:55 PM

FEMA Bought 44,000 Flood-Prone Homes. They May Have to Buy Millions More

Few Americans have voluntarily sold properties to the government to avoid future flood damage. That’s likely to change.

By Eric Roston
October 9, 2019, 2:00 PM EDT

As the climate crisis worsens, more Americans will be forced from their homes. Many won’t be able to afford it, and the U.S. isn’t prepared for a massive, government-subsidized migration away from flood-prone areas, according to the first comprehensive analysis of Federal Emergency Management Agency data.

In the end, it is the nation’s poorest who may be left behind.

Americans have voluntarily sold more than 43,000 properties in high-risk areas to the government since 1989, according to a new analysis published Wednesday in Science Advances. FEMA’s Hazard Mitigation Grant Program has bought properties sprinkled among one-third of all U.S. counties, spread over 49 states, Puerto Rico, Guam and the U.S. Virgin Islands. After the properties are bought, the structures are demolished and the land remains open, ready to absorb future flood waters.

This 30 year-trickle is nothing compared with the great climate exodus to come. The potential number of homes that may be abandoned is staggering, said A.R. Siders, a co-author and assistant professor at University of Delaware’s Disaster Research Center. “There are 49 million housing units in at-risk areas on the U.S. coast, and over $1 trillion worth of infrastructure within 700 feet of the coast,” she said. The government isn't prepared to relocate even one-tenth of that, if it needed to, Siders said.

The problem will only be compounded as extreme weather intensifies. A separate research paper published this week in the Proceedings of the National Academy of Sciences found “robust evidence” that natural disasters are carrying greater risk and expense. The authors said their findings give credence to long-controversial estimates of future costs embedded in climate-economic models.

more...

https://www.bloomberg.com/news/articles/2019-10-09/fema-may-have-to-buy-millions-of-homes-due-to-climate-crisis?srnd=good-business

5 replies, 107 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 5 replies Author Time Post
Reply FEMA Bought 44,000 Flood-Prone Homes. They May Have to Buy Millions More (Original post)
RCW2014 Wednesday OP
Squeek Wednesday #1
foia Wednesday #2
D26-15 Wednesday #3
cologeek Wednesday #4
quad489 Wednesday #5

Response to RCW2014 (Original post)

Wed Oct 9, 2019, 03:00 PM

1. Some crybaby

alerted on your post as a "Personal attack"


Voted to leave, bad faith alert

Reply to this post

Back to top Alert abuse Link here Permalink


Response to RCW2014 (Original post)

Wed Oct 9, 2019, 03:02 PM

2. I got the alert too. Can't figure out why. I let it stand.

Maybe somebody doesn't want you perpetuating the climate change hoax.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to RCW2014 (Original post)

Wed Oct 9, 2019, 03:14 PM

3. Yet in Miami/Ft Lauderdale, they are building just inches above the tideline as we speak.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to RCW2014 (Original post)

Wed Oct 9, 2019, 03:17 PM

4. A personal attack? Really?

Voted to leave.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to RCW2014 (Original post)

Wed Oct 9, 2019, 04:26 PM

5. If all of that is true, why did we waste so much $$$Bs rebuilding New Orleans etc after Katrina?????

"This 30 year-trickle is nothing compared with the great climate exodus to come."

Reply to this post

Back to top Alert abuse Link here Permalink

Newsnews