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Community Development Reports

Lower-income neighborhoods face greater flood risk, tougher recovery

Studies from the Federal Reserve Banks of New York, Philadelphia, and Cleveland delve into the economic, social, and environmental consequences of flooding.

The views expressed in this report are those of the author(s) and are not necessarily those of the Federal Reserve Bank of Cleveland or the Board of Governors of the Federal Reserve System.

Increasingly frequent and severe flooding can have devastating impacts on communities. The Federal Reserve Banks of New York, Cleveland, and Philadelphia examine flood risk in their regions and the implications for low-and-moderate income communities.

Suggested Citation

Nair, Ambika, Theresa Dunne, Matt Klesta, and Dyvonne Body. 2024. “Lower-income neighborhoods face greater flood risk, tougher recovery.” Federal Reserve Bank of Cleveland, Community Development Reports.