|Multihazard Mitigation Council Projects|
Multihazard Mitigation Council
About the Council
In 2005, the Multihazard Mitigation Council (MMC) conducted a widely cited study, Natural Hazard Mitigation Saves: An Independent Study to Assess the Future Savings from Mitigation Activities, which documented how every $1 spent on mitigation saves society an average of $4. As a follow-up to this study the MMC, under the sponsorship of Federal Emergency Management Agency (FEMA) prepared the public report, Natural Hazard Mitigation Saves: 2017 Interim Report, which was released by the Institute in January 2018. The MMC project team found the impacts of 23 years of federal mitigation program grants by FEMA, the Economic Development Administration (EDA) and the Department of Housing and Urban Development (HUD) resulted in a national benefit of $6 for every $1 invested. Mitigation strategies for new construction that exceed up-to-date model code requirements in the 2015 International Building Code (IBC) and the 2015 International Residential Code (IRC) and implementing the 2015 International Wildland-Urban Interface Code (IWUIC) resulted in a national benefit of $4 for every $1 invested. Currently, the MMC project team is working on benefit-cost analysis of mitigation strategies for infrastructure for EDA, retrofit for HUD, and for going from no and low code to adopting the 2015 IBC for the International Code Council, the Insurance Institute for Business and Home Safety, the American Institute of Architects and the National Fire Protection Association.
Resilience has come to occupy a place in public policy and programs across the United States. Yet, even in the face of growing losses and the deleterious effects of natural disasters, the nation’s capacity and appetite is waning for continued funding of federal and state pre- and post-disaster mitigation efforts to create resilience. A new approach is necessary—one focused on capturing all of the potential incentives provided by both the public and private sectors for pre- and post-hazard investment. The most cost-effective manner to achieve resilience is through a holistic and integrated set of public, private, and hybrid programs based on capturing opportunities available through mortgages and loans; insurance; finance; tax incentives and credits; grants; regulations; and enhanced building codes and their application. This focus on private/public-sector opportunities to induce corrective action is called "incentivization." The MMC reviews and recommends approaches to incentivization by combining resilience with finance in a way to develop the means to pay for resilience in communities across the U.S. As a major accomplishment the MMC in conjunction with the Institute’s Council for Finance, Insurance and Real Estate (CFIRE), has issued the reports Developing Pre-Disaster Resilience Based on Public and Private Incentivization and Addendum to Developing Pre-Disaster Resilience Based on Public and Private Incentivization.
The MMC is currently working with the Council on Finance, Insurance and Real Estate (CFIRE) to draft documents describing an innovative resilience mortgage concept that incorporates financing for hazard mitigation into the primary mortgage, and features a positive benefit-cost ratio for both the borrower and lender supported by mortgage, insurance and tax incentives.
Also, as a follow-on to the incentivization reports, MMC with CFIRE is proposing to conduct a Phase 1 study with volunteer stakeholders to develop an incentivization model that can be implemented nationwide to support resilience. Phase 2 will consist of a hands-on pilot study in a selected state and one or more communities.
The Committee, chaired by Kevin Mickey, consists of a small leadership team responsible for the strategic communications plan for the Council as well as facilitating product development to support that plan. Communication products (webinars, publications, etc.) will be created by multiple, mostly temporary, workgroups responsible for completing a very specific task within a short timeframe. Among the workgroups established several will:
To find out more about serving on one or more subcommittees, please see the contact information.