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Economics - NY

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This working group is focused on discussions about economics.

The mission of this working group is to focus on discussions about economics.

Members

Albert Gomez Amanda Cole Irilin Kathy Gilbeaux mdmcdonald

Email address for group

economics-ny@m.resiliencesystem.org

Coastal, Riverbank Homeowners Brace for U.S. Flood Insurance Hike

      

A home destroyed during the landfall of Superstorm Sandy is pictured in Mantoloking, New Jersey March 22, 2013.  Credit: REUTERS/Lucas Jackson

reuters.com - by Barbara Liston - September 24, 2013

(Reuters) - More than a million homeowners living in older houses along the coastlines and riverbanks of the United States are being jolted by federal flood insurance rate hikes under a law passed in the wake of devastating storms.

Carol Giovannoni, 51, of St. Pete Beach, a barrier island community off Florida's west coast, is one of the people dreading October 1, when the law takes effect. Giovannoni said the annual flood insurance premium on her standard 1950s concrete-block, ranch-style home on the waterfront will jump from $1,700 to $15,000 over the next few years.

(READ COMPLETE ARTICLE)

CLICK HERE - Flood Insurance Reform Act of 2012

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Guidance for Community Reconstruction Zone Plans - A Planning Toolkit for CRZ Planning Committees

nysandyhelp.ny.gov

Through the Community Reconstruction Zone
(CRZ) Program, New York State is assisting communities
to rebuild better and safer based on community-
driven plans that consider current damage,
future threats to community assets, and the community’s
economic future. In keeping with the National
Disaster Recovery Framework, CRZ Plans will consider
the needs, risks, and opportunities related to
assets in the following categories of recovery support
functions: Community Planning and Capacity
Building, Economic Development, Health and Social
Services, Housing, Infrastructure, and Natural and
Cultural Resources.

By completing a successful Plan, each participating
community will position itself to obtain funding to
implement that Plan to improve the community’s
future.

NY - Recovery Resources Center

Guidance for Community Reconstruction Zone Plans -
A Planning Toolkit for CRZ Planning Committees
(81 page .PDF report)

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Book Launch: When the Money Runs Out, The End of Western Affluence by Stephen D. King

as-coa.org

July 08, 2013

Registration: 5:30 p.m. to 6:00 p.m.
Presentation and Discussion: 6:00 p.m. to 7:00 p.m.

AS/COA
680 Park Avenue
New York, NY

View map

REGISTER

Please join Americas Society/Council of the Americas for the launch of Stephen D. King’s latest book When the Money Runs Out, The End of Western Affluence.

About the book:

Job and Volunteer Opportunities - New York Disaster Interfaith Services (NYDIS)

 

submitted by Peter B. Gudaitis

NEW YORK DISASTER INTERFAITH SERVICES (NYDIS) is hiring for the following Administrative & SuperStorm Sandy Recovery positions and internships:

(CLICK HERE FOR DETAILS)

Bloomberg to Offer Own Sandy Buy-Out Plan, with a Twist

      

Russell Gordon, a homeowner in Oakwood Beach, Staten Island, who is eager to take advantage of Governor Cuomo's Sandy buy-out plan (Matthew Schuerman/WNYC)

submitted by Boris Suchkov

Could Lead to Rebuilding on Flood Plain Even After Homeowner Sells Out

wnyc.org - by Matthew Schuerman - March 4, 2013

Weeks after New York Governor Andrew Cuomo proposed buying out homeowners in flood-prone areas, the Bloomberg administration is indicating that it will offer a similar program. But the mayor’s program could differ in one significant way: the properties the city acquires could be turned over to someone else to be developed again.

In testimony at a City Council committee hearing Feb. 26, Brad Gair, the director of the city’s housing recovery office, said the Bloomberg administration is working on its own buyout program using federal Community Development Block Grant funding, $1.8 billion of which has been earmarked for the city so far. . . But he added the city’s plan may not stipulate that the acquired properties be turned into open space.

Statistics on Insurers Handling Sandy Flood Claims

submitted by Henry Rodriguez

claimsjournal.com - February 19, 2013

The 15 insurers participating in the National Flood Insurance Program that are handling at least 1,000 claims related to Sandy, the progress they have made in closing claims, and the money they have paid out to date:

(READ COMPLETE ARTICLE)

Sandy Flood Insurance Claim Appraisals with Overhead & Profit Claims

submitted by Henry Rodriguez

propertyinsurancecoveragelaw.com - by Chip Merlin - February 20, 2013

Flood insurance claims under the National Flood Program are unique. As implied in yesterday's post, Appraisal in Flood Claims, those closely involved with controversies regarding appraisals under the National Flood Program should not only read cases construing the flood policy, they should also read briefs filed by the attorneys for National Flood to anticipate future arguments and issues. This is very important to properly representing Hurricane Sandy insurance claimants.

(READ COMPLETE ARTICLE)

Attention: Business Owners, Home Owners and Renters! Extended SBA Disaster Loan Deadline - WORKSHOPS

submitted by Peter B Gudaitis - February 14, 2013

The SBA has extended application deadlines for SBA Sandy Disaster Loans to February 27, 2013 (Physical Damage) and July 31, 2013 (Economic Injury Loans).

These loans apply to physical damage to small businesses and homeowners (as well as to renters’ possessions), and even includes damage or loss of your vehicles. And for small businesses, economic injury loss due to lost business is also applicable. [Note: landlords of 2-4 units who lost rents due to Sandy may qualify for Loss of Income Loans]

You have three opportunities to come and learn from the experts in Brooklyn, Manhattan and Staten Island:

Thursday, Feb. 21, 2013 from 10:00 am - 12:00 pm: Brooklyn @ Brooklyn Public Library, Cadman Plaza West - RSVP to ***@***.*** or 212-264-1473
Thursday, Feb. 21, 2013 from 6:00 pm - 8:00 pm: Manhattan @ Baruch College @ 24th Street, Ste. 2-140 - RSVP to ***@***.*** or 212-264-2734
Monday, Feb. 25, 2013 from 6:00 pm - 7:45 pm: Station Island @ St. George Library Center - RSVP to ***@***.*** or 212-264-1473

RSVP's are required. 

Residents Outraged After NYC Raises Property Taxes On Sandy-Ravaged Homes

submitted by Dennis Saleeby

Bloomberg Blasted As New Yorkers Say No Way, Demand $1,000 Rebate

CBS News - February 11, 2013

NEW YORK (CBSNewYork) — A property tax revolt is brewing in areas of New York City hard hit by Hurricane Sandy. Residents are crying foul over the city’s decision to raise the assessed value — and the taxes — on homes damaged by the storm.

Imagine the nerve … the chutzpah … Your home sustains more than $100,000 in damages from the hurricane and the resale value immediately plummets, only to have the city say it’s actually worth more and you have to pay higher taxes, CBS 2′s Marcia Kramer reported Monday.

“I think they have a different reality and the reality is Mayor Bloomberg making money for the city.

(READ COMPLETE ARTICLE)

NOAA, USGS: Climate Change Impacts to U.S. Coasts Threaten Public Health, Safety and Economy

noaa.gov - January 28, 2013

According to a new technical report, the effects of climate change will continue to threaten the health and vitality of U.S. coastal communities’ social, economic and natural systems. The report, Coastal Impacts, Adaptation, and Vulnerabilities: a technical input to the 2013 National Climate Assessment, authored by leading scientists and experts, emphasizes the need for increased coordination and planning to ensure U.S. coastal communities are resilient against the effects of climate change.

The recently-released report examines and describes climate change impacts on coastal ecosystems and human economies and communities, as well as the kinds of scientific data, planning tools and resources that coastal communities and resource managers need to help them adapt to these changes.

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