A study entitled Sea level rise and coastal flooding threaten affordable housing highlights the risk to Atlantic City.
In Atlantic City 52% of affordable housing will become uninhabitable due to coastal flooding by 2050.
“The point here is that two neighbors can suffer from the same flood, one living in affordable housing and one in a home they own, and experience a very different outcome,” says Benjamin Strauss, a co-author of the report and CEO and chief scientist at Climate Central. “Many more people in the general population will be affected by sea level rise than the affordable housing population. But the affordable population group is the one likely to hurt the most, who can’t afford to find a remedy on their own, and tend to not have the voice needed to change the allocation of public resources.”
About Flood Insurance
Atlantic City Going Under
Do I Need Flood Insurance?
Flood Risks Across the USA Seriously Underestimated
Climate Change: Suspension Of Belief
Climate Denial and Climate Change Change
Underwater: Sea Level Rise
Disaster on the Horizon: The Price Effect of Sea Level Rise
Climate Change And Credit
Real Estate and the Rising Sea Level