Federal disaster assistance is insufficient, can miss those who need it the most, and can be slow to disburse. Many households do not have enough savings to repair, rebuild, and recover, and low- and moderate-income households are often denied post-disaster loans. in 2021 experienced financial hardship from a natural disaster and people with low incomes and people of color are disproportionally harmed by these events.
The small pilot aims to get funds to people very quickly after a flood.
NYC FLOOD TIKTOK GENERATOR
Supported by a National Science Foundation Civic Innovation Challenge award, the effort focuses on the delays low- and moderate-income households can face in accessing funds for immediate post-disaster needs, which can range from buying a generator to mold remediation to temporary housing. And without adequate financial resources for recovery, natural disasters can become tipping points that set back hard-earned financial gains - especially for low-income households.Ī new pilot program that just launched in New York City could help address gaps in assistance and increase equity in recovery. Most households struggle with timely access to sufficient financial support for the wide-ranging expenses disasters impose.
is failing many families and communities. This blog was authored by Environmental Defense Fund economist, Carolyn Kousky.įacing $150 billion annually in direct costs from climate-related disasters, the current system of disaster recovery in the U.S.
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