Dynamic economic resilience scenarios for measuring long-term community housing recovery

Keywords: Dynamic economic resilience, disasters, housing, community, long-term recovery
Session Type: Virtual Paper Abstract
Day: Tuesday
Session Start / End Time: 3/1/2022 09:40 AM (Eastern Time (US & Canada)) - 3/1/2022 11:00 AM (Eastern Time (US & Canada))
Room: Virtual 10

Abstract

Resilient recovery focuses on managing reconstruction to pre-disaster states in an effort to build back better. BBB frameworks lack ways to measure disaster impacts and recovery for resilient recovery. Resilient recovery seeks to advance housing rebuilding by focusing on financing recovery schemes. The role of resilience in financial disaster recovery is largely neglected. The research assesses long-term housing recovery and community resilience of Broadmoor (New Orleans). The community long-term housing measurement is calculated using housing recovery scenarios (dynamic economic resilience). The results provide an indication as to how significant implementation of new disaster recovery policies and procedures can be centered on a more efficient handling of applications for building permits, as well as financial claims for rebuilding or buy-outs, and a more effective management of constrained reconstruction resources for community resilience rebuilding. These results also support recent Munich Re disaster risk modeling studies to improve New Orleans flood protection. This case demonstrates the role of measuring long-term housing is necessary to better understand housing recovery processes in different market types. Broadmoor highlights implementation of new disaster housing recovery policies and procedures need to be centered on adopting community leadership, designing more efficient systems for recovery financing and efficient building permits.