| 来源类型 | Research Reports
|
| 规范类型 | 报告
|
| DOI | https://doi.org/10.7249/RR1776
|
| ISBN | 9780833098184
|
| 来源ID | RR-1776-NYCEDC
|
| The Cost and Affordability of Flood Insurance in New York City: Economic Impacts of Rising Premiums and Policy Options for One- to Four-Family Homes |
| Lloyd Dixon; Noreen Clancy; Benjamin M. Miller; Sue Hoegberg; Michael M. Lewis; Bruce Bender; Samara Ebinger; Mel Hodges; Gayle M. Syck; Caroline Nagy; et al.
|
| 发表日期 | 2017
|
| 出版年 | 2017
|
| 页码 | 224
|
| 语种 | 英语
|
| 结论 |
- The cost of flood insurance is currently burdensome for about one-quarter of households in owner-occupied one- to four-family residences in the study area and is much more burdensome for lower-income residents.
- Removing grandfathering — the ability to base premiums on previous flood zones and elevations when flood maps are updated — dramatically increases premiums for all one- to four-family properties when maps are revised to reflect increasing risk.
- Such premium increases are projected to reduce property values and property tax revenue from what they would have been had premiums not increased; conversely, premium increases are projected to increase loan defaults and the percentage of households for which flood insurance is burdensome from what they would have been otherwise.
- There are promising financial-assistance options that use means-tested eligibility criteria rather than general subsidies.
- Grants and low-interest loans are not particularly attractive given the current rate structure and flood maps but become much more attractive when maps are revised to reflect increasing risk and when pre-FIRM rates and grandfathering are eliminated.
- Government costs can be significantly lower with an option that combines an income-based subsidy with mitigation, but only under certain conditions.
|
| 摘要 |
Policymakers should weigh the advantages and disadvantages of the different approaches for a flood insurance affordability program. In addition, moving forward requires addressing a number of questions.
- What should be the funding source for the program — city, state, or federal?
- How should the program be administered?
- How long should the program remain in effect and should it be available only to current residents or also be available to future buyers who subsequently find themselves with high housing costs relative to income?
- Should program participants be required to agree to a buy-out when the property is sold to reduce the need for future subsidies?
|
| 主题 | Community Resilience
; Flooding
; Insurance
; New York City
; Residential Housing
|
| URL | https://www.rand.org/pubs/research_reports/RR1776.html
|
| 来源智库 | RAND Corporation (United States)
|
| 引用统计 |
|
| 资源类型 | 智库出版物
|
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/108547
|
推荐引用方式
GB/T 7714 |
Lloyd Dixon,Noreen Clancy,Benjamin M. Miller,et al. The Cost and Affordability of Flood Insurance in New York City: Economic Impacts of Rising Premiums and Policy Options for One- to Four-Family Homes. 2017.
|
|
文件名：
|
x1503431344986.jpg
|
|
格式：
|
JPEG
|
|
文件名：
|
RAND_RR1776.pdf
|
|
格式：
|
Adobe PDF
|
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
