{"id":1955,"date":"2013-03-04T11:48:17","date_gmt":"2013-03-04T16:48:17","guid":{"rendered":"http:\/\/blogs.law.columbia.edu\/climatechange\/?p=1955"},"modified":"2013-03-04T11:55:59","modified_gmt":"2013-03-04T16:55:59","slug":"bloombergs-redevelopment-program-not-a-buyout-program","status":"publish","type":"post","link":"https:\/\/blogs.law.columbia.edu\/climatechange\/2013\/03\/04\/bloombergs-redevelopment-program-not-a-buyout-program\/","title":{"rendered":"Bloomberg\u2019s Post-Sandy Redevelopment Program \u2013 Not a Buyout Program"},"content":{"rendered":"

by Anne Siders<\/em><\/p>\n

WNYC radio<\/a> announced this morning that Mayor Bloomberg, as part of his post-Sandy recovery effort, is considering purchasing waterfront homes that were damaged by Sandy.\u00a0\u00a0 The plan would use some portion of the $1.8 billion in Community Development Block Grant funding that has been earmarked for New York City to purchase damaged properties that owners cannot afford to or do not wish to rebuild.\u00a0\u00a0 Although some media outlets are terming this program a \u201cbuyout\u201d program, similar to Governor Cuomo\u2019s program, it is important to note that what Mayor Bloomberg is proposing may not technically be a buyout program.<\/p>\n

According to the Department of Housing and Urban Development (HUD), a \u201cbuyout\u201d program is one \u201cintended to reduce risk from future flooding.\u201d\u00a0 In a true buyout program, therefore, acquired properties are required to be \u201cdedicated and maintained in perpetuity for a use that is compatible with open space, recreational, or wetlands management practices,\u201d which means that no re-development is allowed on the space.\u00a0 Moreover, because no re-development is allowed on lands acquired through a buyout program, the city or state can never request FEMA or HUD disaster funds to repair those lands in the future.<\/p>\n

However, unlike Governor Cuomo\u2019s buy-out program, which would purchase damaged homes and turn the land into undeveloped natural buffers to prevent future floods, Mayor Bloomberg\u2019s program may allow for the redevelopment of the acquired properties.\u00a0 According to WNYC, the Mayor\u2019s office has not yet decided whether to allow re-development.<\/p>\n

If the plan allows re-development, it would therefore not actually reduce the risk from future flooding, because it would neither create natural barriers nor reduce the number of buildings exposed to floods.\u00a0\u00a0 The program may require redeveloped structures to build to better standards, but it will not have the same overall protective effect.<\/p>\n

Another important distinction is that while Governor Cuomo\u2019s buyout program would purchase damaged houses at the pre-flood market value, Mayor Bloomberg\u2019s redevelopment proposal (in order to meet HUD Guidelines <\/a>released on Friday) would have to pay the post-flood value for damaged homes.\u00a0 This would be a substantial loss for homeowners, although the program could offer some additional relocation assistance.<\/p>\n

At first glance, allowing redevelopment on acquired lands may raise equity concerns in the post-Sandy recovery process if homeowners too poor to rebuild are removed and replaced with wealthier developers.\u00a0\u00a0 Allowing re-development could also increase the long-term exposure of New York by continuing to develop in areas that have already proven to be at risk.\u00a0\u00a0 In the meantime, we await the details of Mayor Bloomberg’s final plan.<\/p>\n

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

by Anne Siders WNYC radio announced this morning that Mayor Bloomberg, as part of his post-Sandy recovery effort, is considering purchasing waterfront homes that were damaged by Sandy.\u00a0\u00a0 The plan would use some portion of the $1.8 billion in Community Development Block Grant funding that has been earmarked for New York City to purchase damaged […]<\/p>\n","protected":false},"author":838,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[5672,9368,6897],"tags":[9370,9371,9436,9369],"class_list":{"0":"post-1955","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-adaptation","7":"category-managed-retreat","8":"category-natural-disaster-response","9":"tag-bloomberg","10":"tag-buyout","11":"tag-fema","12":"tag-sandy","13":"czr-hentry"},"yoast_head":"\nBloomberg\u2019s Post-Sandy Redevelopment Program \u2013 Not a Buyout Program - 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