Flood Risk Could Destroy Thousands of NY Homes

By Y.M. Lowy

A new report warns that flooding may put tens of thousands of houses in and around New York City at risk in the next 15 years. By 2040, over 80,000 homes could be in danger.

To meet the demand and replace homes that could be lost, more than a million new homes will be needed by 2040. There is also a serious housing shortage. However, current regulations only allow for the construction of about half that number.

Most neighborhoods only allow single-family homes. Lot size rules make it harder to build more housing. A new city plan could help, but it is not enough to close the gap.