Hurricane season is here. And while the most devastating pain has been felt miles away in the Bahamas — with Hurricane Dorian’s powerful Category 5 storm winds of up to 185 miles that demolished communities, caused billions of dollars in damage, and killed dozens of people — we all know that the threat remains real […]
The cost of flood insurance premiums are on the rise due to more frequent catastrophic weather events like Hurricane Sandy, Harvey, and Maria. Homeowners will often forego paying for insurance due to these rising costs. Thankfully, municipalities like New York City are using resiliency and recovery programs to combat the effects of flooding through nonprofits […]
Our Deputy Director for Housing Recovery, William Fairhurst, addresses the New York City Council on Recovery and Resiliency on housing affordability and flood insurance. The testimony discusses the Center’s various services for homeowners in the floodplain. Fairhurst’s testimony also urges City Council to join the efforts in advocating for homeowners in the NFIP reauthorization process. […]
When Superstorm Sandy hit the East Coast five years ago, it blindsided thousands of residents of New York City and beyond who didn’t figure their neighborhoods could flood for the simple reason that they never had before. The disaster highlighted twin challenges: raising basic awareness of flood risks and easing the process of preparing for potential threats […]
Hurricane Jose weakened to a tropical storm this morning, but it could still bring rain during the morning commute and whip up strong winds during the day. New York City was spared a direct hit by Jose, but the storm flooded areas from New Jersey to Long Island. With more extreme weather events predicted for New York City and the […]
Caroline Nagy joins us to discuss flood insurance policy. (Listen to the full episode on Radio Dispatch)
If you live in an area at risk of flooding, you are likely familiar with the National Flood Insurance Program, the federal program that provides the vast majority of flood insurance in the U.S. This year, the NFIP is up for renewal, which means that Congress will need to pass a law to sustain it. […]
One of the few guaranteed methods for lowering increasingly expensive homeowner flood insurance is to elevate homes, but there is little public funding to help pay for the costly retrofits. But in a much-praised move, the State has announced a $7.5 million pilot program that will elevate homes owned by lower- and middle-income families in […]
For the second year in a row, many homeowners in New York City and across the country will get hit with another costly increase to their flood insurance premiums starting April 1, 2016, when their policies begin to be renewed. And, for the first time, homeowners in the high risk flood zones whose policies have […]
At the Center for NYC Neighborhoods, we are keeping a close eye on changes to the flood insurance program because we are deeply concerned about the impact that rising costs are likely to have on middle and working-class homeowners. We are working to make sure that impacted communities understand how flood insurance impacts them, and […]
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