{"id":91529,"date":"2023-10-02T14:00:00","date_gmt":"2023-10-02T18:00:00","guid":{"rendered":"https:\/\/retrofitmagazine.com\/?p=91529"},"modified":"2023-10-16T10:32:43","modified_gmt":"2023-10-16T14:32:43","slug":"nibs-and-fannie-mae-develop-resilience-incentivization-roadmap-2-0","status":"publish","type":"post","link":"https:\/\/retrofitmagazine.com\/nibs-and-fannie-mae-develop-resilience-incentivization-roadmap-2-0\/","title":{"rendered":"NIBS and Fannie Mae Develop Resilience Incentivization Roadmap 2.0"},"content":{"rendered":"\n

The\u00a0National Institute of Building Sciences<\/a>\u00a0and Fannie Mae have developed the Resilience Incentivization Roadmap 2.0 on mitigation investment to help people in America prepare for and respond to natural disasters.\u00a0<\/p>\n\n\n\n

As disasters grow more frequent and destructive, preparing our infrastructure and communities for extreme weather is critical to protect lives and reduce economic losses. On a national average, natural hazard mitigation saves $4-$11 in avoided future losses for each $1 invested, as found by the NIBS Natural Hazard Mitigation Saves study. <\/p>\n\n\n\n

\u201cClimate resilience will be key to sustainable homeownership as the impacts of climate change increase,\u201d says Tim Judge, head of modeling and chief climate officer with Fannie Mae. \u201cThe roadmap provides tangible recommendations that the collective stakeholders can take to promote resilient investment that U.S. housing certainly needs.\u201d<\/p>\n\n\n\n

The Resilience Incentivization Roadmap 2.0 recently was unveiled at the NIBS Building Innovation conference in Washington, D.C. The report was supported by the NIBS Multi-Hazard Mitigation Council\u2019s Committee on Finance, Insurance, and Real Estate (CFIRE). It explores the investment opportunities by lenders, insurers, developers, owners and government.\u00a0<\/p>\n\n\n\n

\u201cWe looked at the motivations, barriers, and innovative ideas from each stakeholder group,\u201d says Dr. Jiqiu Yuan, vice president of Engineering with NIBS. \u201cThe Resilience Incentivization Roadmap provides recommendations that would form the basis for real-world applications to create value for all stakeholders. Working together, we are looking for ways to move the needle, accelerate resilience investment, and create a more resilient economy.\u201d<\/p>\n\n\n\n

Background<\/strong><\/h4>\n\n\n\n

NIBS extensively has studied natural hazard mitigation since 2005. <\/p>\n\n\n\n

The\u00a0Natural Hazard Mitigation Saves\u00a0report offers a benefit-cost look at pre-disaster mitigation activities.\u00a0<\/p>\n\n\n\n

For example, hazard mitigation grants made by the Federal Emergency Management Agency, U.S. Economic Development Administration, and U.S. Department of Housing and Urban Development save $6 for every $1 spent. Furthermore, adopting the latest in building code requirements saves $11 per $1 invested, and the benefits of building retrofits translate into a $4 savings for every $1 investment.<\/p>\n\n\n\n

In 2020, CFIRE<\/a> published \u201cA Roadmap to Resilience Incentivization,\u201d calling for public and private incentives to\u00a0owners of buildings and other infrastructure to facilitate the upgrade of existing infrastructure and better design of new infrastructure.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

The\u00a0National Institute of Building Sciences\u00a0and Fannie Mae have developed the Resilience Incentivization Roadmap 2.0 on mitigation investment to help people in America prepare for and respond to natural disasters.\u00a0 As disasters grow more frequent and destructive, preparing our infrastructure and communities for extreme weather is critical to protect lives and reduce economic losses. On a<\/p>\n","protected":false},"author":95,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[201],"tags":[16217,41406,946,3836,47908,47909,47907,47910],"ppma_author":[48795],"jetpack_publicize_connections":[],"yoast_head":"\nNIBS and Fannie Mae Develop Resilience Incentivization Roadmap 2.0 - retrofit<\/title>\n<meta name=\"description\" content=\"The Resilience Incentivization Roadmap 2.0 recently was unveiled at the NIBS Building Innovation conference in Washington, D.C. 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