Dynamic economic resilience scenarios for measuring long-term community housing recovery. (8th August 2022)

• Record Type: Journal Article
• Authors: Zavareh, Sahar; Winder, Gordon M.
• Is Part Of: Environmental hazards. Volume 21:Number 4(2022)
• Page Start: 289
• Page End: 308
• Publication Date: 2022-08-08
• Subjects: Dynamic economic resilience -- disasters -- housing -- community -- long-term recovery; Environmental disasters -- Periodicals; Environmental disasters -- Prevention -- Periodicals; Natural disasters -- Periodicals; Natural disasters -- Prevention -- Periodicals; Environmental protection -- Periodicals; 363.7005
• DOI: 10.1080/17477891.2021.1962784
• Languages: English
• ISSNs: 1747-7891

Abstract

ABSTRACT: The research measures post-disaster long-term housing recovery to assess community resilient recovery using the case of Broadmoor, a community located in New Orleans. Dynamic economic resilience scenarios calculate post-disaster housing recovery and differences of rebuilding using three housing recovery scenarios (baseline, reference recovery and dynamic economic resilience). The baseline scenario projects changes in housing market values without a disaster. The reference recovery scenario calculates post-disaster housing reconstruction values (e.g. repair rates and housing rebuilding permits), and a hypothetical housing recovery profile using damage assessments and building permits for rebuilding based on available investments (insurance and buy-outs). The dynamic economic resilience scenario models all potential and accelerated investments (uninsured versus insured, or buyouts for homeowners). A future dynamic economic resilience recovery scenario takes into account the benefits of housing reconstruction improvements, (e.g. levee and pump investments). The results identify an ideal sustainable long-term recovery threshold of three years after the disaster event. The results reveal the conceptualised dynamic economic resilience scenarios leads to shorter time-paths for recovery, and that the sustainable long-term recovery threshold is approximately three years after the disaster event.