Climate change is propelling more extreme weather events, including more precipitation and flooding, which means the need for more strategies such as buyouts has never been more urgent. As a concept, buyouts are fairly straightforward: the government buys up properties to remove them out of harm’s way, reducing the risk of loss of life, the need for future flood repairs, insurance payouts and other costs.
INSIGHTS:
HOUSING | DISASTER RESILIENCE AND RECOVERY
Racial inequities have long plagued the U.S. housing market. Yet only recently has the federal government moved to address one aspect of the real estate industry that continues to exacerbate the racial wealth gap in housing: appraisals.
A recent Kinder Institute report discussed strategies for preserving affordable housing, particularly Harris County’s vast supply of so-called “naturally affordable” units. But knowing which properties should be preserved is a challenge, and the resources committed to preservation tend to be very limited.
City officials, home builders and affordable housing developers gathered in northeast Houston this week to celebrate a new model for mixed-income housing.
During the February freeze last year, stories of neighbor helping neighbor were easy to find. Residents with electricity offered up extension cords to charge phones, lent out gas generators to keep heaters going, delivered hot cocoa to keep their spirits up, or simply opened their homes for a few hours or a few days to provide shelter. But what if we didn’t wait until the next disaster to really know and help our neighbors?
