A new report finds that federal disaster-mitigation grants produce an average of $6 in societal savings for every dollar spent.
Posted on CityLab | By Benjamin Schneider
For every dollar spent on federal grants aimed at improving disaster resilience, society saves six dollars.
National Institute of Building Sciences
“A lot of things have happened since 2005,” said NIBS’s Ryan Colker, who contributed to the report. “Katrina, Sandy, and the increasing … frequency of disasters prompted us to look at what has changed”. NIBS, a nonprofit group authorized by the U.S. Congress, took into account grants from FEMA, HUD, and the Economic Development Administration, whose staffs collaborated with NIBS to produce the report. $27 billion spent in mitigation grants over the past 23 years has yielded $158 billion in societal savings, they found.
Many of the interventions the grants funded were simple, like installing hurricane shutters, replacing flammable roofs, and clearing vegetation close to a structure.
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