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Assessment of Flooding Impact on Housing Value : A HAZUS-MH application

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Extreme weather events have been increasing dramatically, destroying the security of places due to climate change. Natural disasters are difficult to prevent, given the limited abilities of human beings. However, people can prepare to mitigate various hazards through their efforts. The New York State (NYS) has been collecting historical weather data on several storms and their economic damage information. As a study area, the Village of Lancaster in NYS was chosen to evaluate the flood damages. This study deals with riverine flooding, focusing on the description how to apply HAZUS-MH (Hazards U.S.) for the flooding assessment, which is the software program released by FEMA in 1997. Therefore, this paper investigated and assessed how HAZUS could model an inundated area on the Village of Lancaster at level one using default data and generated the economic impacts estimated based on the price of each house combined with housing value available from the results of HAZUS analysis. Through the research process, this study is expected to deliver how local and central governments of Korea can prepare for the future economic losses to increase economic resilience, bring positive changes to the lives of the people in the community. Eventually, this study can provide a mechanism for safeguarding life and property from future flood hazards.

Abstract

Extreme weather events have been increasing dramatically, destroying the security of places due to climate change. Natural disasters are difficult to prevent, given the limited abilities of human beings. However, people can prepare to mitigate various hazards through their efforts. The New York State (NYS) has been collecting historical weather data on several storms and their economic damage information. As a study area, the Village of Lancaster in NYS was chosen to evaluate the flood damages. This study deals with riverine flooding, focusing on the description how to apply HAZUS-MH (Hazards U.S.) for the flooding assessment, which is the software program released by FEMA in 1997. Therefore, this paper investigated and assessed how HAZUS could model an inundated area on the Village of Lancaster at level one using default data and generated the economic impacts estimated based on the price of each house combined with housing value available from the results of HAZUS analysis. Through the research process, this study is expected to deliver how local and central governments of Korea can prepare for the future economic losses to increase economic resilience, bring positive changes to the lives of the people in the community. Eventually, this study can provide a mechanism for safeguarding life and property from future flood hazards.

참고문헌 (12)

  1. "The international disaster database" (2020)[URL]
  2. The Evaluation of the National Flood Insurance Program, "FEMA", ~, pp.Final Report: 32 (2006)
  3. Multi-Hazard Identification and Risk Assessment (MHIRA), "FEMA", ~ (2007)
  4. FEMA, "HAZUS-MH MR3 Flood Technical Manual", ~ (2007)
  5. FEMA, "Flood Insurance Study 1", pp.23~ (2009)
  6. "The National Flood Insurance Program. Flooding and Flood Risks" (2010)[URL]
  7. "Flood Insurance Study 1" (2010)[URL]
  8. Holmes Jr, R. R., "100-Year flood-it’s all about chance", US Geological Survey General Information Product, 106(1) (2010)
  9. Milly, P. C. D., "Increasing risk of great floods in a changing climate", Nature, 415(6871), pp.514~517 (2002)
  10. "Lancaster Flood Control Project" (2010)[URL]
  11. Pielke, R. A., "Flood damage in the United States, 1926-2000: a reanalysis of National Weather Service estimates" (2002), University Corporation for Atmospheric Research
  12. "Cayuga Creek Peak Stream Flow" (2010)[URL]

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