During an ongoing United States study, the National Institute of Building Sciences's project team looked at the results of 23 years of federally funded mitigation grants provided by the Federal Emergency Management Agency (FEMA), U.S. Economic Development Administration (EDA) and U.S. Department of Housing and Urban Development (HUD) and found mitigation funding can save the nation $6 in future disaster costs, for every $1 spent on hazard mitigation.
In addition, the project team looked at scenarios that focus on designing new buildings to exceed provisions of of the 2015 International Codes (I-Codes), the model building codes developed by the International Code Council (ICC). The 2017 Interim Report demonstrates that investing in hazard mitigation measures to exceed select code requirements can save the nation $4 for every $1 spent.
The project team estimated that just implementing these two sets of mitigation strategies would prevent 600 deaths, 1 million nonfatal injuries and 4,000 cases of post-traumatic stress disorder (PTSD) in the long term. In addition, designing new buildings to exceed the 2015 International Building Code (IBC) and International Residential Code (IRC) would result in 87,000 new, long-term jobs, and an approximate 1% increase in utilization of domestically produced construction material.