Repeatedly flooded properties have cost the National Flood Insurance Program (NFIP) more than $12.5 billion – roughly half of the program’s $23 billion debt with losses continuing to trend in the wrong direction. This troubling trend can be influenced through appropriate and timely mitigation by local and state floodplain management and coastal management programs. Analysis of mitigation options, such as buyouts or elevating structures, for repetitive loss properties should be considered in a larger context using a multiple criteria approach that includes economic, social equity and ecological data and values. Integrating benefit-cost analysis with nature-based and social vulnerability criteria can provide comprehensive solutions that achieve community resilience.
The goal of this special interest meeting is to get participant feedback that would help the Association of State Floodplain Managers, Coastal States Organization, The Nature Conservancy and NOAA, as Digital Coast Partners:
- better apply multi-criteria and geospatial data and tools that exists or could be developed, and
- develop guidance and training that utilizes these datasets and tools to help local floodplain and coastal manager efficiently compare and prioritize equitable mitigation options aimed at reducing repetitive loss properties.
Workshop Materials:
Resources:
- The Pew Charitable Trusts Repetitive Loss Fact Sheet - Repeatedly Flooded Properties Cost Billions
- Breaking the Cycle of "Flood-Rebuild-Repeat" Report - Breaking the Cycle of “Flood-Rebuild-Repeat”: Local and State Options to Improve Substantial Damage and Improvement Standards in the National Flood Insurance Program
- OIG Report on Severe Repetitive Loss Properties - FEMA Is Not Effectively Administering a Program to Reduce or Eliminate Damage to Severe Repetitive Loss Properties
- CRS Repetitive Loss Area Analysis Guide - Developing a Repetitive Loss Area Analysis for Credit under Activity 510 (Floodplain Management Planning) of the Community Rating System
- Guidance for Severe Repetitive Loss Properties - Guidance for Severe Repetitive Loss Properties
- NRDC Post Flood Buyouts Report - Going Under: Long Wait Times for Post-Flood Buyouts Leave Homeowners Underwater
