Flood recovery and property acquisition in Cedar Rapids, Iowa

Eric Tate (), Aaron Strong (), Travis Kraus () and Haoyi Xiong ()
Additional contact information
Eric Tate: University of Iowa
Aaron Strong: RAND Corporation
Travis Kraus: Mount Pleasant Area Chamber Alliance
Haoyi Xiong: University of Iowa

Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, 2016, vol. 80, issue 3, No 30, 2055-2079

Abstract: Abstract Voluntary property acquisitions are playing an increasingly prominent role in the aftermath of US flood disasters, as policy tools for community recovery and hazard mitigation. Following historic flooding in 2008, the City of Cedar Rapids, Iowa, instituted a federally supported program for the acquisition of over 1300 damaged properties. Using Cedar Rapids as a case study, this article investigates post-flood property acquisition from the perspectives of cost effectiveness and social equity. To assess economic viability, a benefit-cost analysis was performed at the parcel scale. Social equity was assessed using a social vulnerability index tailored to flood recovery. The results indicate that the property acquisitions are cost effective based on the avoidance of future flood losses, and prioritize socially vulnerable neighborhoods. The dual economic and social analysis sheds light on the capacity of federally supported buyouts to support holistic post-disaster planning and decision-making.

Keywords: Disaster recovery; Social vulnerability; Benefit-cost analysis; Buyouts (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (17)

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DOI: 10.1007/s11069-015-2060-8

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