Delaware’s Sea Level Rise Advisory Committee said that the public should look at whether property owners must disclose the vulnerability to potential buyers of the threat of sea level rise.
This would go beyond the current rule that requires sellers to let buyers know that the properties are located in designated flood zones.
The Wilmington News Journal would that this focus on predictions about the areas by the century’s end when the sea level could rise by as much 1 to 3 feet.
But the proposal did get push back from Kevin Whittaker with the Homebuilders Association of Delaware told the committee yesterday that the disclosure requirement could have an impact on the availability of mortgages for properties.
This he said could result in the redlining of some coastal areas.
In February the committee will begin holding public hearings on a range of proposals including public education about sea level rise.
