By the year 2040, New York City and Long Island could lose over 80,000 homes to flooding, according to Averting Crisis, a new report released on Monday by the nonprofit Regional Plan Association (RPA).

The report said that in every NYC borough, it was likely that tracts of land would become impossible to develop, contributing to the area’s housing shortage, which could reach 1.2 million homes.

“Communities nationwide are facing a severe housing crisis marked by soaring costs, limited housing options, and stagnant construction. This crisis is largely driven by restrictive zoning regulations that impose onerous procedural requirements, ban multi-family housing, and create numerous technical hurdles,” the report said. “Unfortunately, climate hazards, especially flooding, will continue to exacerbate the housing shortage. The growing risk of climate-driven flooding jeopardizes both existing and future housing developed in flood zones.”

The New York City area has seen a shortage of homes over the last few decades, which has contributed to higher rents and home prices, reported The New York Times. Meanwhile, the city has been finding it hard to […]