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New White Paper Outlines Incentives for Resilient Construction

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Recently, the National Institute of Building Sciences (NIBS) released a white paper to promote the use of private and public incentives to achieve resilient communities. Several years ago, NIBS published a widely-cited study, Natural Hazard Mitigation Saves: An Independent Study to Assess the Future Savings from Mitigation Activities, which documented how every $1 spent on mitigation saves society an average of $4. (The study can be found here.) This new white paper focuses on capturing all of the potential incentives provided by the public and private sectors for pre- and post-hazard investment in resilient construction.The paper calls for  insurance rate reductions, federal grant programs and redefining appraisal standards among strategies to encourage home owners and building owners to invest in resilient construction.

NRMCA and industry supporters have been supporting federal and local resilience measures, including the Disaster Saving and Resilient Construction Act and Safe Building Code Incentive Act at the national level and resilient construction incentive legislation at the state level. 

For more information on national initiatives, please contact Tien Peng at tpeng@nrmca.org or 206-913-8535. For more information on state and local initiatives, please contact John Loyer at JLoyer@nrmca.org or 703-675-7603.
 

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