2021 Lawyers in Real Estate Awards
Last year, the Connect CRE team followed up our well-received Next Generation Awards and Women in Real Estate Awards with the inaugural Lawyers in Real Estate Awards. For...
2021 Women in Real Estate
Announcing the 2021 Winners for the Connect CRE Women in Real Estate Awards.
From hundreds of submissions, we have highlighted women with achievements and...
2021 Next Generation Awards
Connect Commercial Real Estate is proud to present the winners of our 2021 Next Generation Awards. In one of the most challenging years on record for the industry,...
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FEMA Bought 43K Flood-Prone Homes; Could End Up Buying More
Americans voluntarily sold more than 43,000 properties in high-risk, flood-prone areas to the government, including FEMA, since 1989, according to an analysis published in Science Advances. And, given the potential for more floods due to climate change, FEMA’s Hazard Mitigation Grant Program might be on the hook to buy more.
After properties are sold to FEMA, the structures are demolished, leaving the land open to absorb future flood waters. However, according to A.R. Siders with the University of Delaware’s Delaware’s Disaster Research Center, 43,000 homes are a drop in the bucket. Approximately 49 million housing units are in at-risk areas on the U.S. coast, with more than $1 trillion worth of infrastructure within 700 feet of the coast. The government, Siders said, isn’t prepared to relocate one-tenth of that amount.
In addition, most of the buyouts have taken place in counties with higher incomes, education, populations and population density. Low-income and rural communities have received fewer buyouts.
Mark El-Rayes is an award winning designer and photographer from Beirut, Lebanon. El-Rayes has over 15 years in the design industry, 5 years of which he served as a Mass Communication Specialist in the United States Navy at Naval Air Station North Island, Navy Public Affairs Support Element - West (NPASE). El-Rayes is a full-stack developer, seo specialist, photographer, and artist.