On Thursday, September 5, 2024, the Federal Reserve Bank of New York hosted a virtual event exploring findings from two papers on flood risk to low-and-moderate income households in New York City. The papers, released earlier this year by the Community Development team, found that approximately one in ten low- to moderate-income people, immigrants, and racial and ethnic minorities in New York City live in a flood-prone census tract. The event detailed which New York City neighborhoods are most exposed to flood risk. Speakers also discussed the financial impact of flooding on residents, including property loss and damage, lost labor hours, and health costs.
This event was of interest to researchers, nonprofits, community bankers, policymakers, and small business owners.
See the agenda for timing of specific conference segments.
September 5, 2024
1:00pm-2:30pm
This was a virtual-only event.
This event was open to the public.
This virtual event was open to the media. All remarks were on the record, with the recording to be made available afterwards. For media inquiries, please contact Ellen Simon at Ellen.Simon@ny.frb.org .
Agenda
| 1:00pm-1:05pm | Welcome Remarks (00:00:09 in video)
Claire Kramer Mills, Director of Community Development Analysis, Federal Reserve Bank of New York |
| 1:05pm-1:15pm | Research Presentation: Flood Risk and Basement Housing in NYC (00:02:22 in video)
Ambika Nair, Community Development Analyst, Federal Reserve Bank of New York |
| 1:15pm-1:25pm | Research Presentation: Flooding Impacts on Household Finances (00:09:15 in video)
Dyvonne Body, Community Development Specialist, Federal Reserve Bank of New York |
| 1:25pm-2:10pm | Community Solutions to Flood Risk in NYC (00:24:13 in video)
Moderators: Ambika Nair, Community Development Analyst, Federal Reserve Bank of New York and Dyvonne Body, Community Development Specialist, Federal Reserve Bank of New York Hayley Elszasz, Climate Science Advisor, NYC Mayor’s Office for Climate and Environmental Justice Christie Peale, CEO and Executive Director, Center for NYC Neighborhoods |
| 2:10pm-2:25pm | Q&A (00:45:21 in video) Javier Silva, Senior Associate Director, Federal Reserve Bank of New York |
| 2:25pm-2:30pm | Closing Remarks (01:25:55 in video) Javier Silva, Senior Associate Director, Federal Reserve Bank of New York |
Flooding Impacts on Household Finances: Insights from Focus Groups in New York City
