Environmental Bankers Association Journal
Use of Flood Risk Data and Modeling in Commercial Loan Underwriting and How This May Evolve with Promulgation of the ASTM Property Resilience Assessment (PRA)

Use of Flood Risk Data and Modeling in Commercial Loan Underwriting and How This May Evolve with Promulgation of the ASTM Property Resilience Assessment (PRA)

With the new ASTM Property Resilience Assessment (PRA) “best practice”, commercial lenders will now be exposed to property-specific, flood mapping covering many more types of flooding than FEMA flood maps provide, over wider areas of the US, and in much greater levels of detail

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EBA Journal: Summer 2024 Edition

EBA Journal: Summer 2024 Edition

The forthcoming ASTM Property Resilience Assessment Guide provides an overview of a generalized, systematic approach for conducting a Property Resilience Assessment (PRA) consisting of, first, identifying the natural hazards likely to affect a property; next, evaluating the risks posed by those hazards along with the capacity of the property to prepare for, adapt to, withstand and recover from those hazards; and then finally, identifying conceptual resilience measures to enhance property-level performance and recovery.

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