MIT Study: Federal Flood Relief Unfairly Benefits Larger, Richer Communities

Flooding costs the U.S. $5 billion annually, with a federal program providing insurance discounts for flood mitigation. However, an MIT study finds that the program’s benefits are uneven, favoring wealthier, larger communities over smaller, diverse ones. There is a call for policy adjustments to include more disadvantaged areas. Each year, flooding in the U.S. leads […]

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Flooding costs the U.S. $5 billion annually, with a federal program providing insurance discounts for flood mitigation. However, an MIT study finds that the program’s benefits are uneven, favoring wealthier, larger communities over smaller, diverse ones. There is a call for policy adjustments to include more disadvantaged areas. Each year, flooding in the U.S. leads…

Flooding costs the U.S. $5 billion annually, with a federal program providing insurance discounts for flood mitigation. However, an MIT study finds that the program’s benefits are uneven, favoring wealthier, larger communities over smaller, diverse ones. There is a call for policy adjustments to include more disadvantaged areas. Each year, flooding in the U.S. leads…