The Weekly: Alabama Used Five Financing Levers to Scale Resilient Building Standards Across the State
Alabama’s approach to scaling the FORTIFIED standard has become a blueprint nationwide.
A coalition including The Resiliency Company, JLL, Ryan Companies, and the Urban Land Institute created the Risk Mitigation Playbook: a practical guide based on real-world experience for those involved in commercial real estate (CRE) development, from lenders to engineers to owners.
A smart transition of FEMA toward state and local disaster responsibility would encompass 1) reform to the Stafford Act to rebalance federal and state contributions, 2) a restructuring of state disaster relief funds, and 3) a shift toward regionalization of disaster response.
The muni bond market presents an opportunity to finance resiliency in a way that aligns policy-makers, community stakeholders, business interests, and investors. By strengthening local infrastructure to render assets less vulnerable to climate shocks, it can reduce disaster costs for communities.