MUNICIPALITIES MUST GET CREATIVE TO FUND RESILIENCY IN A TIME OF BOTH GREATER NEED AND REDUCED FEDERAL FUNDING
“You will have natural disasters where the feds are not going to be providing the same level of support,” said Austin Perez, the National Association of REALTORS’ senior policy advisor, who specializes in tracking the true cost of insurance, natural disasters and their impacts on homeownership.
While that may be a difficult
adjustment for some states less accustomed to frequent disasters, it’s grounded
in the U.S. Constitution.
Perez explains that, under our system
of federalism, states hold primary responsibility for disaster response and
recovery.
“Think of Katrina in New Orleans and
Lahaina in Hawaii.
They were so severe and overwhelming,
the states had to request federal assistance, including from FEMA,” he said.

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