A document by Rubayet Bin Mostafiz. Click on the document to view its contents.

Freeboardelevation of a structure above the base flood elevation (BFE)is a critical component in mitigating or avoiding flood losses. However, the unrevealed benefits and savings of freeboard installation have prevented communities from adopting this approach. To improve decision-making for flood-vulnerable communities and enhance flood risk mitigation strategies, this study presents the methodology underlying a new webtool, FloodSafeHome, that estimates comprehensively the economic benefits and savings of freeboard installation for new construction of residential buildings. Specifically, the proposed evaluation framework has been designed to calculate monthly savings for individual buildings by assessing freeboard cost, insurance savings per year, and expected annual flood loss. This new evaluation method is built into a web-based, decision-making tool for use by the public and community leaders in three southeastern Louisiana parishes, to identify expected future benefits of building residences with freeboard and enhance their decision-making processes with interactive risk/benefit analysis features. For example, results indicate the levels of freeboard that optimize the costbenefit ratio for flood-insured homes in the study area. This approach is expected to improve long-term flood resilience and provide cost-efficient flood mitigation strategies particularly in disaster vulnerable regions.

Construction with freeboard – vertical height of a structure above the minimum required – is commonly accepted as a sound investment for flood hazard mitigation. However, determining the optimal height of freeboard poses a major decision problem. This research introduces a life-cycle benefit-cost analysis (LCBCA) approach for optimizing freeboard height for a new, single-family residence, while incorporating uncertainty, and, in the case of insured homes, considering the costs from losses, insurance, and freeboard (if any) to the homeowner and National Flood Insurance Program (NFIP) separately. Using a hypothetical, case study home in Metairie, Louisiana, results show that adding 2 ft. of freeboard at the time of construction might be considered the optimal option given that it yields the highest net benefit, but the highest net benefit-cost ratio occurs for the 1 ft. freeboard. Even if flood loss reduction is not considered when adding freeboard, the savings in annual insurance premiums alone are sufficient to recover the construction costs paid by the homeowner if at least one foot of freeboard is included at construction. Collectively, these results based on conservative assumptions suggest that at the time of construction, even a small amount of freeboard provides a huge savings for the homeowner and (especially) for the financially-strapped NFIP. For community planners, the results suggest that wise planning with reasonable expectations on the front end makes for a more sustainable community.