An often-overlooked aspect of flood-plain mapping is the fact that these maps designate stark boundaries, with households falling either inside or outside of areas designated as “flood zones.” Households inside flood zones must insure themselves against the possibility of disasters. However, costly insurance may have pushed lower-income households out of areas officially designated a flood risk and into physically adjacent areas. While not designated an official flood risk, Federal Emerge...| Liberty Street Economics
A look at high flood risk areas outside of official FEMA flood zones and how mortgage lenders adjust their lending practices in those regions.| Liberty Street Economics
This post introduces new data to estimate with greater precision the flood risk to basement apartments in New York City.| Liberty Street Economics