FP-108-024-02: Ecosystem Service Benefits in Benefit-Cost Analysis for FEMA’s Mitigation Programs Policy
FEMA has shared FP-108-024-02: Ecosystem Service Benefits in Benefit-Cost Analysis for FEMA’s Mitigation Programs Policy – that allows for ecosystem service benefits to be included in a mitigation project’s Benefit Cost Analysis (BCA) regardless of the Benefit-Cost Ratio (BCR). Previous policy limited the use of these benefits to projects meeting a .75 BCR.
With this new policy, ecosystem service benefits can be used for all project types eligible under the Hazard Mitigation Assistance (HMA) and PA 406 mitigation programs that support the incorporation of ecosystem service benefits and result in the improvement of the natural environment. Applicants will be able to take advantage of the new policy as part of the BRIC application.
FEMA hopes this new policy will encourage more nature-based solutions to be included in mitigation projects by removing barriers for the use of ecosystem service benefits in a project.