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NYC MTA Storm Surge Protection via Catastrophe Bond Market (New York City Metropolitan Transportation Authority)
July 31, 2013
After Hurricane Sandy, the Metropolitan Transportation Authority (MTA) sold a catastrophe bond in July 2013 to raise funds to manage flood risk to the system and offset any costs of future storm damage if the city is hit by another hurricane in the next three years. Sandy caused an estimated $4 to $5 billion in damages to MTA assets; as a result, insurance prices for MTA doubled. To finance protections from future storm surges, MTA issued $200 million in shares of catastrophe bonds to supplement traditional insurance, costing MTA $46 million a year.
Resource Category: Solutions
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New York Rising Community Reconstruction Program
The New York Rising Community Reconstruction Program has been established to provide additional rebuilding and revitalization assistance to communities severely damaged by Hurricanes Sandy and Irene and Tropical Storm Lee. To facilitate community resilience and redevelopment planning, the State has allocated $25 million for planning in the most affected areas. Those successfully completing a recovery plan will be eligible to receive funds to support the implementation of projects and activities identified in the plans.
Resource Category: Solutions
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After Sandy: Advancing Strategies for Long-Term Resilience and Adaptability
July 2013
This report represents the consensus of the Urban Land Institute (ULI) panel on planning for the long-term resilience and preparedness of the New York - New Jersey region. This report outlines an approach to assessing a region’s preparedness and risk in the face of a disaster, and offers tools and recommendations that could be used to help prepare and strengthen the region. By developing this framework based on Hurricane Sandy as a case study, and targeting multiple audiences, this report is intended to address the New York - New Jersey region in the aftermath of Hurricane Sandy, and also can be employed by other regions at risk.
Resource Category: Planning
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Sandy Regional Assembly SIRR Analysis
July 2013
This report compiles feedback from the Sandy Regional Assembly, a network of community, environmental, justice, labor and civic groups from New York assessing Mayor Michael Bloomberg’s Special Initiative for Rebuilding and Resiliency (SIRR) Plan. Their analysis asks if the plan met community-defined priorities and recommendations compiled earlier in 2013.
Resource Category: Solutions
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Sea-Level Rise Tool for Hurricane Sandy Recovery
June 20, 2013
The National Oceanic and Atmospheric Administration (NOAA), the Federal Emergency Management Agency (FEMA), and the U. S. Army Corps of Engineers (USACE) developed a tool that can assist communities affected by Hurricane Sandy in reducing vulnerability of transportation and other infrastructure to future sea-level rise and flood risk. The tool, which involves a set of maps showing floodplains under sea-level rise scenarios and an updated USACE Sea-Level Change calculator showing site-specific flood elevation data, helps communities understand the effects of sea-level rise on future flood risk and incorporate this information into planning and decision-making.
Resource Category: Data and tools
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New York City Build it Back Program
June 2013
The Build It Back Program assists homeowners, landlords, and tenants affected by Hurricane Sandy in 2012 within all five boroughs of New York City, New York by rebuilding homes damaged or destroyed by the hurricane. The City’s goal is to invest and create resilient neighborhoods through sustainable design, such as requiring new homes to be elevated above projected sea-level rise and flood heights. Registration for the program was announced on June 3, 2013, and as of the closing date for registration (October 31, 2013), the program received applications for more than 20,000 single‐family buildings; of which approximately 16,000 applicants completed the initial eligibility review.
Resource Category: Solutions
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A Stronger, More Resilient New York
June 11, 2013
On June 11, 2013 Mayor Michael Bloomberg announced this comprehensive plan for New York City that contains actionable recommendations both for rebuilding the communities impacted by Hurricane Sandy and increasing the resilience of infrastructure and buildings citywide. In December 2012, the Mayor formed the Special Initiative of Rebuilding and Resiliency with the direction of producing a plan to provide additional protection for the city's infrastructure and communities from the impacts of climate change.
Resource Category: Planning
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A Stronger, More Resilient New York - Transportation Chapter
June 11, 2013
“A Stronger, More Resilient New York” is an adaptation plan (Plan) for New York City (NYC), which contains actionable recommendations both for rebuilding the communities impacted by Hurricane Sandy and increasing the resilience of infrastructure and buildings citywide. Chapter 10 of the plan is dedicated to transportation impacts, strategies, initiatives, and policy recommendations. This chapter details the impacts that occurred to the transportation system as a result of Hurricane Sandy, impacts that can be anticipated in the future as a result of climate change, and strategies for increasing the resilience of NYC’s transportation system.
Resource Category: Planning
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Cleaner, Greener Communities Program Sustainability Indicator Guidance Document
June 7, 2013
New York State Energy Research and Development Authority’s Cleaner Greener Communities program encourages sustainable, smart growth development throughout New York State. To assess progress toward achieving sustainability goals, this guidance document outlines indicators, data sources, and instructions to measure indicators across the following topic areas: energy, transportation, land use and livable communities, waste management, water management, economic development, climate change adaptation, governance, greenhouse gas emissions, and agriculture and forestry.
Resource Category: Monitoring and Reporting
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Fuel NY Initiative
June 1, 2013
In 2013, New York passed a law and launched the Fuel NY Initiative, to increase the number of gas stations along critical routes that will be able to operate during power outages caused by extreme weather events or other disasters. In conjunction with this law, Governor Cuomo announced the Fuel NY Initiative, which provides funding to help gas stations meet the new backup power requirements. The law and Initiative were developed in response to Hurricane Sandy, which illustrated the many challenges caused when most gas stations lost power as a result of the storm and were not able to operate fuel pumps to dispense fuel needed for emergency response and recovery efforts.
Resource Category: Law and Governance
