In late December of 2013, FEMA formally announced that it will now allow state, territorial, or tribal applicants for hazard mitigation assistance to include sea-level rise in their applications. Hazard mitigation assistance grant applicants have to demonstrate, via a benefit-cost analysis, that the proposed project will save as much or more money than it costs to implement. Under this new policy, applicants can include sea-level rise projections in the scenarios used in their benefit-cost analysis. For more information, you can see FEMA’s announcement and a FEMA FAQ sheet here.
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