Flood mitigation takeaways

Five of the key findings from the flood economics research
#1

Flood mitigation goes beyond dollars and cents

The benefits of mitigation cannot be overstated. Community leaders are driven to take action in order to revitalize neighborhoods, improve public spaces, enhance public safety and boost the community’s competitiveness.
Avoided property losses
Avoided business & education interruption
Ecosystem benefits
Avoided loss of critical infrastructure
Revitalized neighborhoods
Improved public spaces
Enhanced public safety
Increased competitiveness for the community
#2

Research shows community benefits of flood mitigation

Research and analysis indicates that the economic benefits from flood mitigation significantly outweigh the costs by as much as 5:1 when using traditional cost-benefit analysis. When broader benefits are considered, values could be even higher than 5:1.
Source: Multi-Hazard Mitigation Council
#3

Solutions exist to support flood mitigation investment

Funding flood mitigation is a challenge, but creative local solutions and diverse financing sources to fund mitigation projects can ease the financial strain on communities. Federal and other governmental assistance programs are in place to help ease the financial burden for homeowners and community leaders. Communities can leverage local resources to help cover costs as well.
Funding solutions include federal mitigation grants and loans, utility surcharges and climate adaptation bonds.Easing the financial burden includes catastrophe bonds, grants, resiliency bonds, sales tax and mitigation bonds.Leveraging local resources include road and bridge improvement fund, flood insurance, local capital budget and loans.
#4

Flood mitigation can create significant discounts of up to 45% on flood insurance

After investing in mitigation many of the communities analyzed improved their Community Rating System (CRS) class and received significant discounts on flood insurance, putting money back in the pockets of property owners.
Up to0%insurance savings
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Source: Community Rating System, National Flood Insurance Program, FEMA.
#5

The benefits of flood mitigation result from local action

Eleven case studies profile communities that invested in flood mitigation. The case studies feature the return on investment for taking action, key successes and challenges of each project, and how the community has benefited.

Flood mitigation resources

Below is a non-exhaustive list of other flood mitigation information resources.