R-NERR14-1 Coastal Hazards and Northeast Housing Values (Regional Project)
Klaus Moeltner and Christine Blinn
Virginia Polytechnic Institute and State University
University of New England
This Northeast Regional Sea Grant Consortium project will combine coastal hazards data with novel property value matching models to quantify the economic consequences of the Northeast region’s coastal hazard vulnerability and related adaptation. These models will estimate the comparative response of property values and tax bases to coastal hazards and adaptations across multiple communities in four New England states. Results will be used to assess incentives for private adaptation and to develop projections of future property values and tax bases under alternative sea-level rise and adaptation scenarios. These and other project results will provide the information necessary for communities and policy makers to choose adaptations with positive and intended economic consequences. A strong outreach component will ensure transfer of the modeling process and results to appropriate constituencies. The project will be implemented in coordination with partners including the Wells National Estuarine Research Reserve (NERR), Great Bay NERR, Waquoit Bay NERR, and The Nature Conservancy in Connecticut.