Resiliency Florida is a leading voice in Florida. helping in that efforts to plan and adapt for the future impacts of weather sea level rise. All communities in Florida face weather resiliency challenges, whether coastal or inland, and will benefit from resiliency planning.
Resiliency Florida is a non-profit organization made up of public and private partners dedicated to promoting the development of state and regional Strategies and action plans to adapt to extreme weather and sea level rise, and to advocating for increased investment by the state federal government in critical infrastructure and habitat throughout Florida to mitigate impacts and develop adaptation responses.
The mission of Resiliency Florida is to act as a conduit for developing local government and private sector partnerships to secure funding and regulatory and legislative support for resiliency and adaptation strategies at state and federal levels. Through a diverse membership including cities, counties and the private sector, Resiliency Florida promotes the exchange of ideas and resources to help our communities become more prepared and resilient to face sea level rise, extreme weather, flooding and other challenges stemming from climate change. Our focus is the collaborative development of tools, projects, and funding to implement these strategies. The strength of the organization is a results-oriented approach to facing these challenges.
Key Areas of Focus
When dealing with such a broad issue and important issue, we have chosen to focus on key areas that can have the most impact and result in the biggest change.
The concept of risk assessment is not new to local government. Most municipalities and counties already have risk management systems in place and may even have designated staff dedicated to risk assessment and management.
Risk assessments can assist local governments in identifying and assessing the risks that climate change poses to their assets, operations and services as well as to help prioritize risks that require further action as a basis for decision-making and adaptation planning and funding solutions.
Risk assessments aim to ensure that municipal systems will be resilient and analyze the risks posed by extreme weather and sea level rise and help develop holistic strategies for addressing them.
Mitigation for this growing threat requires a community wide response through aggressive adaptation strategies, starting with revisions and updates to building and land development codes. With a focus on evaluating minimum building finish floor elevations (BFE). Starting with the 2010 edition, the Florida Building Code (FBC) includes flood provisions that are consistent with the NFIP requirements for buildings and structures. All counties, cities and towns are required to enforce the FBC. Many Florida communities enforce some “higher standards” than those required by the FBC.
The National Flood Protection Insurance Program (NFIP) allows property owners in participating communities to buy insurance to protect against flood losses. Participating communities are required to establish management regulations in order to reduce future flood damages. This insurance is intended to furnish as an insurance alternative to disaster assistance and reduces the rising costs of repairing damage to buildings and their contents caused by flood. A homeowner is able to purchase excess flood insurance, but they must be covered by NFIP flood insurance first. Information detailing how to obtain flood insurance can be found at www.floodsmart.org, the official site of the NFIP.
The current NFIP reauthorization expires on September 30, 2017 and Congress will be considering potential changes and improvements to the program as part of the reauthorization process. Congress faces the challenge of trying to maintain a balance between improving the financial solvency of the program and reducing taxpayer exposure while also being mindful of affordability concerns.
Cities and Counties are encouraged to participate in the National Flood Insurance Program’s Community Rating System (CRS). Property owners could qualify for a flood insurance discounts of between 5% and 45% if the property is in the Special Flood Hazard Area. Communities that participate in the CRS program may also have elevation certificates on file for individual homes or businesses.
Per Local Governments for Sustainability (ICLEI) White Paper: Financing the Resilient City: A demand driven approach to development, disaster risk reduction and climate adaptation.
Specific financing instruments could be designed to create diversified, scaled pools for investment.
The instruments could each be tailored to a targeted class of measures that share a similar risk-reward profile. The instruments might take the form of portfolio-based loans, catastrophe bonds, re-insurance, securitization, or other structured finance instruments. In this way, much larger private capital flows could be sourced for adaptation and other kinds of disaster risk reduction. To lead this kind of financial innovation and the development of such an investment market for resilience measures the report proposes that international adaptation funds, or similar national-level funds or programs, could be very effectively leveraged by focusing on three areas. These are:
- Funding for local, national, and international initiatives to ‘mainstream’ new resilience standards into conventional urban development projects, much as recent ‘green building’ standards have been mainstreamed into urban development and construction over the last decade.
- Funding for local planning and project preparation, including financial structuring for comprehensive resilience upgrading projects in known highly vulnerable urban areas and systems.
- Funding for financial product innovation for creating scalable private investment flows into global resilience upgrading.