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WASHINGTON (June 21, 2022) — Real estate and land use professionals can address the challenges associated with drought and limited freshwater availability by prioritizing water conservation, efficiency, and reuse, according to a report released today by the Urban Land Institute (ULI). By adopting these objectives, the report argues, real estate practitioners can save money and generate long-term value for communities and the environment.
As of 2022, the world is facing unprecedented levels of drought. According to the U.S. Drought Monitor, drought has extended across over half of the United States this year. The frequency, intensity, and duration of droughts are increasing, leading to a myriad of issues, including regional wildfires, and this pattern is expected to continue with climate change.
Water Wise: Strategies for Drought-Resilient Development, the latest report from the ULI Urban Resilience Program, highlights the challenges and opportunities associated with drought and limited freshwater availability and provides best practices for real estate and land use professionals to address them. The report focuses in particular on arid regions in the western United States.
“Historically, practices that addressed drought focused on acquiring new sources of water through infrastructure like diversions and dams,” said Marianne Eppig, the lead author of the report and Director of Resilience at the ULI Urban Resilience Program. “Recently, there’s been a shift. Communities are recognizing that efficiency improvements and conservation are the most cost-effective and least environmentally damaging ways of meeting collective water needs. We hope this report will help the real estate industry work alongside communities to achieve that goal.”
The report details best practices for drought-resilient development, landscaping, and policymaking including:
Water Wise also includes eight project profiles that highlight water-smart solutions, including:
The full Water Wise: Strategies for Drought-Resilient Development is available on ULI’s Knowledge Finder platform.
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About the Urban Land Institute
The Urban Land Institute is a non-profit education and research institute supported by its members. Its mission is to shape the future of the built environment for transformative impact in communities worldwide. Established in 1936, the institute has more than 45,000 members worldwide representing all aspects of land use and development disciplines. For more information on ULI, please visit uli.org, or follow us on Twitter, Facebook, LinkedIn and Instagram.