Federal Reserve Bank of New York
09/30/2024 | Press release | Distributed by Public on 09/30/2024 13:09
New York Fed to Release Paper on Flood Risk to Housing in New York, New Jersey, and Connecticut
Media Advisory
New York Fed to Release Paper on Flood Risk to Housing in New York, New Jersey, and Connecticut
September 30, 2024
NEW YORK-The Federal Reserve Bank of New York will release "Flood Risk and the Tristate Housing Market," on Wednesday, October 2, 2024, at 10 AM.
The report by the New York Fed's Community Development team analyzes data on flood risk to housing in New York, New Jersey, and Connecticut. It quantifies the single-family and multifamily properties that are in the same flood risk category as some homes in coastal Florida, Texas, and Louisiana. It also analyzes the proportion of at-risk properties in low- to moderate-income census tracts.
The report builds on earlier New York Fed research and follows the release of separate white papers on flood risk to basement apartments in New York City and the impact of flooding on New Yorkers' household finances.
The report was developed as part of the New York Fed's Community Development efforts, which have three areas of focus: health, household financial well-being, and climate risk.