Millions have moved out of certain parts of the country now designated “Climate Abandonment Areas" [FOX Business Network]
Federal Home Loan Mortgage Corporation (FMCC)
NASDAQ:AMEX Investor Relations:
freddiemac.com/investors
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Source: FOX Business Network
Certain areas of the country are being deemed "Climate Abandonment Areas." These areas are losing a large percentage of their population entirely due to climate change, specifically flooding, according to a First Street report Climate Abandonment Areas include 818,000 U.S. Census blocks. Over 3.2 million people have moved away from these areas between 2000 and 2020 due to flooding damage. "There appears to be clear winners and losers in regard to the impact of flood risk on neighborhood level population change," Dr. Jeremy Porter, the head of climate implications research at the First Street Foundation, said. "The downstream implications of this are massive and impact property values, neighborhood composition and commercial viability both positively and negatively." In the next 30 years, current Climate Abandonment Areas are expected to lose more of their populations. The populations are expected to decline by an additional 16%, equivalent to 2.5 million more people. "The po
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FMCC
Sec Filings
- 9/17/24 - Form 3
- 9/10/24 - Form 8-K
- 9/9/24 - Form ABS-15G
- FMCC's page on the SEC website