Flood Damage and Federally Backed Mortgages in a Changing Climate

Congressional Budget Office

No 59379, Reports from Congressional Budget Office

Abstract: As a result of climate change’s effects on sea levels, storms, and precipitation patterns, the risk of flood damage is expected to increase in the United States. In this report, the Congressional Budget Office estimates how much flood damage homes with federally backed mortgages are expected to face in two multiyear projection periods—one centered on 2020, reflecting current climate conditions, and one centered on 2050, reflecting the further effects of climate change.

JEL-codes: G21 G22 G28 H12 Q54 Q58 (search for similar items in EconPapers)
Date: 2023-11-13
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