Exploring Flood Risk for New York City Renters, Homeowners, and Communities of Color

On Thursday, September 5, 2024, the Federal Reserve Bank of New York will host a virtual event exploring findings from two papers on flood risk to low-and-moderate income households in New York City. The papers, released earlier this year by the Community Development team, found that approximately one in ten low- to moderate-income people, immigrants, and racial and ethnic minorities in New York City live in a flood-prone census tract. The event will detail which New York City neighborhoods are most exposed to flood risk. Speakers will also discuss the financial impact of flooding on residents, including property loss and damage, lost labor hours, and health costs.

This event will be of interest to researchers, nonprofits, community bankers, policymakers, and small business owners.

Event Resources

Flood Risk and Basement Housing in New York City: The Impact of Extreme Weather on Vulnerable Housing Stock

Flooding Impacts on Household Finances: Insights from Focus Groups in New York City

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