This weekend, over 300,000 people took to the streets to demand action on climate change. Many of the protesters took pains to demonstrate that climate change and global warming are not “just” environmental issues — they are closely connected to issues of labor, civil rights and housing, too.
In a report recently released by the Center for New York City Neighborhoods, Murphy Institute instructor Samuel Stein connects the risk of rising sea levels to the question of affordable homeownership. New York City’s coastal areas are home to tens of thousands of single family homeowners, and a large portion of them are working and middle class. For decades, city planning decisions made the waterfront the site of not just public housing, but low-income home ownership opportunities. Today, both climate change and rising flood insurance costs threaten to displace these homeowners, and could compound the city’s affordable housing crisis.
In their report, “Rising Tides, Rising Costs: Flood Insurance and New York City’s Affordability Crisis,” Samuel Stein and Caroline Nagy explore this dilemma through quantitative research, historical narratives, homeowner and policy-maker interviews, informative graphics and more.
