As sea levels rise, wealthier homeowners seek to reduce their risks of chronic inundation and dwindling property values by moving to higher ground, often to communities that have been traditionally poorer and Blacker or browner. As community advocate Paulette Richards describes in this guest blog post, the risk of “climate gentrification” rises right along with sea levels. Read more >
February 14, 2020 1:37 PM EDT
August 2, 2018 2:21 PM EDT
The Union of Concerned Scientists (UCS) recently released a report analyzing the impacts of chronic tidal flooding on U.S. coastal properties in the lower 48 states. The number of homes and businesses, their value, along with the amount of tax base and most importantly, people at risk is startling. They found that by 2045, 311,000 homes, worth $117.5 billion dollars by today’s market values, could be at risk of chronic flooding driven by climate change. By 2100, 2.4 million homes, worth approximately $912 billion dollars, and 4.7 million people will be at risk. Nowhere more than Florida, that bears 40% of the risk, are these realities being felt now and will be more so in the future as sea levels continue to rise. Ultimately, the impacts of climate change driven chronic flooding leads to a greater potential crisis for low-income communities.