First Street Foundation

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First Street Foundation[edit]

First Street Foundation is a non-governmental organization that analyzes the risks of and solutions to sea level rise. They are headquartered in New York City.[1]

Work[edit]

First Street Foundation's projects have all been targeted in areas impacted by sea level rise. The group created two websites, SeaLevelRise.org and FloodiQ.com.

SeaLevelRise.org has the stated mission to implement widespread solutions to sea level rise.[2]

FloodIQ is a digital tool that enables homeowners and businesses to enter their address and determine the level of risk they have from tidal flooding and hurricane storm surge. It also shows past and future property value loss from flooding. The group published peer-reviewed research using FloodIQ data to analyze property valuation changes, claiming that sea level rise has reduced real estate values over the last decade.

News[edit]

First Street research on property value was covered in Bloomberg[3], WSJ[4], Forbes[5], Axios[6], and the Washington Post[7], along with some local coverage on the same research, but with the data modeled down to the state level. [8]

Their SeaLevelRise.org tool was covered in the Virginian Pilot and the Palm Beach Post.

History[edit]

First Street Foundation was founded by Matthew Eby in 2017. He was formerly a Senior Vice President at the Weather Channel.[9]

References[edit]

  1. "Homepage". First Street Foundation. Retrieved 12 September 2018.
  2. "Our Tools". First Street. Retrieved 12 September 2018.
  3. Flavelle, Christopher. "Climate Change Has Already Hit Home Prices, Led by Jersey Shore". Bloomberg. Retrieved 12 September 2018.
  4. Kusisto, Laura. "Flooding Risk Knocks $7 Billion Off Home Values, Study Finds". Wall Street Journal. Retrieved 12 September 2018.
  5. Morad, Renee. "Study: As Sea Levels Rise, Home Values Sink". Forbes. Retrieved 12 September 2018.
  6. Freedman, Andre. "Sea level rise already causing billions in home value to disappear". Axios. Retrieved 12 September 2018.
  7. "Sea level rise is eroding home value, and owners might not even know it". Washington Post. Retrieved 12 September 2018.
  8. "Press Page". First Street.
  9. Mayfield, Dave. "Sea level rise for dummies? New groups make waves in a push to personalize the threat". Virginian Pilot. Retrieved 12 September 2018.


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