
The document discusses the benefits of adopting modern hazard-resistant building codes and standards in reducing natural disaster costs and enhancing community resilience. The study calculates the economic losses avoided by State and Local adoption of modern building codes through a multi-phase project that uses parcel-level datasets and FEMA's Hazus Program to evaluate changes in Average Annualized Losses. The initiative aims to quantify the benefits of adopting these codes in earthquake, hurricane wind, and flood-prone areas and promote their enforcement to enhance community resilience.