The Refuge Resource Group (RRG) is focused on developing innovative public-private partnerships (P3) for disaster resiliency and recovery. Our current initiative involves using a P3 model to improve federally funded floodplain buyout programs.
The success of floodplain buyout programs is often limited by two key factors—timing and value. By more appropriately aligning financial incentives based on performance, RRG’s P3 model is structured to more quickly initiate and more effectively administer buyout programs. Our approach is expected to result in greater efficiencies, providing more capital for property owners, improving their opportunities for relocation, while freeing up critical disaster relief resources for state and federal governments.