Resilience incentivization roadmap 2.0
The Resilience Incentivization Roadmap 2.0 is a continuation of the 2020 white paper, where the project team worked with experts from building science, lending, insurance, developer, owner, real estate, appraiser, and public assistance to understand (1) the actors, who can promote, participate in, or resist incentivization, and what drives their decisions, and (2) how to carve the economy at the joints (i.e. how to group stakeholders so each incentive template best serves a large class). The study mainly focuses on residential buildings subject to flood, and also leaves language and procedures flexible to deal with other perils, occupancies, and locales.
Based on extensive research and input from organizations representing a cross-section of stakeholder groups, the report presents several key findings:
- Mitigation saves, but it doesn’t do so in proportion to individual stakeholder investments;
- Co-beneficiaries can share the cost of such investments – but they face similar challenges to those of the property owner;
- Public-private coordination is essential.
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