Tag: money

creativity

Fidelity Investments is helping me take care of my financial future

Christa Avampato

This week I did my annual review with my financial advisor, Zachary Clark, at Fidelity Investments. I want to shout out how thoughtfully and thoroughly he went through all of my accounts and assets. Even more importantly, he took the time to really listen to my goals to make specific recommendations and adjustments to my finances. These times are uncertain and the economy is challenging. It helps to know that this company has my back and is looking out for me. I don’t think it’s true for a lot of financial institutions; it’s definitely true for Fidelity. I highly recommend them.

Below are a few brief bullets about the advice and counsel my financial advisor had. Please keep in mind these are specific to me. That’s the beauty of Fidelity’s goal-based management. It’s designed for me, my financial situation, my goals, and my risk-tolerance. Your plan, because it’s designed for you, could be different.

I acknowledge I’m extremely fortunate to have been able to work hard to get to this point in my financial life. I grew up very poor and struggled financially for many years. To now be in a position to make these choices is a privilege I never take for granted. I’m very grateful.

My plan:
1.) I opened a managed brokerage account
I’m maxing out my 403(b) (my retirement account from my nonprofit employer) and Roth IRA contributions. I have an emergency fund saved in a high-yield savings account. I have no debt. I wanted to know what else I could do.

He suggested a managed brokerage account to help my mid-term (5-10 years) money do more for me. I don’t know what I want to do with that money yet so this option gives me flexibility while also earning more than it would in a savings account. This account is a different goal from my retirement account as I will likely use it for a purpose other than retirement. For example, I may decide to use it to buy a home, start a business, or invest in a business. You may use this kind of account for any goal you want – saving for college, a trip, wedding, baby, etc. No penalties for withdrawal and the potential to earn more interest than I would get by just having it in a CD or high-yield savings account.

2.) I decided not to buy an apartment right now
Interest rates are high. NYC prices and maintenance fees are high. The housing market is uncertain. I have an incredible rental deal. Taking all this into consideration, we decided it makes sense for me to continue renting for now and re-evaluate if and when markets shift. Fidelity has a rent vs buy calculator to help with this decision.

3.) My Roth IRA is now managed by Fidelity, matches my risk profile, and is funded by auto-debit
My Roth IRA has had a 35 / 65 split between stocks and bonds / cash. I’m quite a few years from retirement so it makes sense for it to have the 85 / 15 split my rollover IRA has. (My rollover IRA is the money from 401K and 403b accounts I had with former employers.) I also set up monthly auto-debit from my savings account to my Roth IRA so I make sure to max it out every year. Doing this over the course of the year helps me even out the volatility of the market. Fidelity managing it, with my personalized goals in mind, means I don’t worry about managing it myself.

I hope this info about Fidelity’s tools and advice are helpful. If you’ve got other questions, feel free to ask in the comments or DM me.

creativity

Ditch the Mower, Find the Wonder! 🌿 Your Guide to a Wild(ish) Lawn

Christa Avampato
Photo by Elisa on Unsplash

As spring flourishes in all its glory (hello, sunshine!), you might be eyeing that lawnmower with a familiar sigh. But what if I told you less work for you could mean more life in your lawn? This week, let’s talk about a trend that’s buzzing with benefits: letting your lawn go a little wild!

Forget the pressure of a perfectly manicured green carpet. In reality, that perfect lawn is nearly dead. A wilder lawn isn’t about letting things run completely rampant (unless that’s your jam!). It’s about consciously creating a more natural, vibrant, and wonderfully low-maintenance space that’s teeming with life. And that wild lawn has benefits for you, your bank account, wildlife, and this beautiful planet we all share.

Why Let Your Lawn Loosen Up? More Buzz, Less Fuss!

  • Become a Local Wildlife Hotspot: Think of it — your very own mini-nature reserve! Longer grasses and native “weeds” (I prefer “wildflowers-in-disguise” like clover and dandelions) become a five-star restaurant and hotel for bees, butterflies, ladybugs, and songbirds. You’ll be amazed at who shows up!
  • Kick Back & Relax (More!) and Save Money: Less mowing, less watering, less fertilizing… need we say more? A wilder lawn means more time for you to actually enjoy your outdoor space, not just work on it. And it also saves you money.
  • Better For You, Better for the Planet: Wild lawns are surprisingly powerful. Their diverse plant life helps soak up rainwater (reducing runoff), improves soil health, and even captures more carbon. You’ll also naturally reduce (or eliminate!) the need for chemical pesticides and fertilizers, which is a win for everyone. And again, it saves you money.
  • A Feast for the Senses: Swap out the monotonous green for a shifting tapestry of textures, colors, and gentle movement. Watch wildflowers bloom and seed, listen to the hum of happy pollinators, and discover the intricate beauty of a natural ecosystem right outside your door.

Ready to Embrace Your Lawn’s Wild Side? It’s Easier (and Less Expensive) Than You Think!

Going wild doesn’t mean your yard needs to look messy. It’s about intentional choices that welcome and embrace nature. Here’s how to get started:

  1. Start Small, Mow Tall: You don’t have to go all-in at once. Designate a section of your lawn — maybe the back corner, or a strip along the fence — to let grow longer. Even raising your mower blades to 3–4 inches on the parts you do mow makes a big difference for tiny critters and plant health.
  2. “No Mow May” (and Beyond!): You might have heard of “No Mow May” — it’s a fantastic initiative by Bee City USA, a nonprofit that connects communities of people and pollinators in mutually-beneficial ways, to give emerging pollinators a head start! Why not extend the idea? Try mowing less frequently throughout the growing season. Every two weeks? Once a month for certain areas? Experiment and see what works for you.
  3. Love Your “Weeds”: Those dandelions? Early spring food for bees! Clover? It’s a nitrogen-fixer, meaning it naturally fertilizes your soil, and pollinators adore it. There’s a lot to love about these volunteer plants.
  4. Sprinkle Some Native Charm: Consider overseeding parts of your lawn with native low-growing wildflowers (spread wildflower seed over an existing lawn without disturbing the soil) or a “bee lawn” mix suitable for your geographic region. These plants are adapted to our climate and provide the best resources for local wildlife. A quick search for “bee lawn” mix or a visit to a local native plant nursery can provide great options.
  5. Create “Cues to Care”: Worried about what the neighbors might think? Keep the edges of your wilder areas neatly mown. This creates a look of “intentional wildness” and shows your landscape is cared for, not neglected. A small, friendly sign explaining your lawn is a “Pollinator Paradise” or “Wildlife Life” area can also work wonders and tell your story, raising awareness, advocating for wildlife, and encouraging your neighbors to give it a try, too.
  6. Patience is Your Superpower: Transforming a conventional lawn into a mini-meadow takes time. Don’t get discouraged. Enjoy observing the changes each week and season. You’re creating a living landscape, and every small step is a win.

Wild Fact: Allowing your grass to grow taller encourages deeper root systems, making your lawn more drought-tolerant. Less watering for you, less money spent, fewer resources used, and more resilience for your yard!

Ready to trade some mowing time for more butterflies and birdsong? Letting your lawn go a little wild is a simple, rewarding way to make a big difference for your local ecosystem and your own well-being.

Happy wilding!

creativity

NIH funding freeze endangers American lives and the US economy

Christa Avampato
Photo by National Cancer Institute on Unsplash. Chanelle Case Borden, Ph.D., a postdoctoral fellow in the National Cancer Institute’s Experimental Immunology Branch, pipetting DNA samples into a tube for polymerase chain reaction, or PCR, a laboratory technique used to make multiple copies of a segment of DNA.

Earlier this week, I wrote in my Togetherhood newsletter about the history and scientific research of Gila monster venom that led to Novo Nordicks’s medications Ozempic and Wegovy. This research began at the National Institutes of Health and led to some of the most profitable and promising drugs. These types of advances are now in danger because the Trump administration has frozen much of the $47 billion the US spends annually on biomedical research like this through 60,000 NIH grants.

The US houses the world’s leading medical labs that research cancer, dementia and Alzheimer’s, heart disease, child health, and diabetes to name just a few. NIH grants provide significant funding to these labs. To make sure the grants are used efficiently and ethically, there’s an extensive review process of grant applications. When the Trump administration froze the funding, they stopped all these review processes. These frozen funds also caused many research labs and universities that house them to halt hiring and PhD and post-doc admissions. Even if they released the funding today, it would take weeks or months to restart all these processes.

Additionally, freezing these funds is negatively impacting the economy and US competitiveness on the world stage. Every $1 of NIH spending generates more than $2 dollars in US economic activity. Healthcare is the biggest industry in the US. Without the foundation of NIH-funded research, the industry is in crisis. The US produces more influential health science research than the next 10 leading countries, combined. Every day that goes by, lives and livelihoods of Americans are in jeopardy. Please call your reps today and tell them to fight to restore NIH funding. Your life and the lives of those you love depend on it.

creativity

Follow the money: Representative Alexandria Ocasio-Cortez on what’s behind all the executive orders and what we can do

Christa Avampato
Representative Alexandria Ocasio-Cortez on an Instagram Live event

Representative Alexandria Ocasio-Cortez is doing regular Instagram Live events about what’s happening in this new administration and actions we can all take. These events help us understand what underpins everything that’s happening and why it’s happening. Knowing this information can help us stay calm and focus our energy into actions that will move the needle.

I didn’t know 99% of what AOC explains in this week’s Live event, and I read all day, every day. I watch the news constantly. The media and the opinions of friends and family members, no matter their jobs and past experience, are not facts. Many think they’re experts in what’s happening and almost no one is because what’s happening is unprecedented. Past experience isn’t a guide because we’re not living in the same world we were in two weeks ago. The only people who actually see the entire landscape are those on the ground right now, in the room where it happens inside the Capitol Building. That’s exactly why AOC is doing these Live events.

I highly recommend watching AOC’s Live events. They’re saved as Reels to watch later. They’re long because the landscape is complex. If you don’t have the energy or time, I’ve put the biggest take-aways from this week’s event below.

Here is the biggest thing you need to know: A massive tax break for the rich with a looming deadline, Medicaid, Department of Defense spending and the tech industry (including AI), immigration, prisons, and the GOP are all connected.

Tax breaks
In 2017, this president and the GOP forced through one of the biggest tax giveaways to the rich in U.S. history — a total of ~$4 trillion. For example, they include tax write-offs on private jets and yachts. These tax breaks sunset this year. Not only does this administration want to extend them but they also want to expand them.

Medicaid
Where will they find $4 trillion to extend and expand these tax breaks? I thought I would be from raising taxes on people who make less than $350,000. Nope. That’s only going to give them a fraction of the $4 trillion. They’re going after Medicaid because they think they can get $2 trillion from there. This explains why they want us to think people on Medicaid are lazy and that they’re the enemy. This explains why they tried to freeze Medicaid portals, except that massively backfired on them, and they had to reopen them.

Department of Defense spending and tech companies (including AI)
You know what government waste they won’t cut? Defense spending. Why? Because most tech companies whose products we use every day, and the billionaires who own them, make a massive amount of money from defense contracts. Defense contractors price gouge constantly. The Pentagon has yet to pass an audit. They want us to believe supporting Defense spending proves we’re patriots and love our country; if we question anything to do with the Defense spending, we’re not patriots. We’re the enemy. This is how they pit us against one another. Don’t fall for it.

Immigration, prisons, and the GOP
They want us to think they’re focused on immigration and mass deportation for our safety. Nope. They know they can’t do mass deportations all at once so what will they do with the people they round up? Detain them. Where? Prisons (like the news about the 30,000 people they want to hold at Guantánamo.) Who makes money from prison construction and management? The private prison industry. Who owns the prison industry? Billionaires. Who finances a lot of Republican campaigns? The private prison industry.

What actions can we take?
No action is too small. 
We are all grains of sand in these giant gears and if enough of us mobilize, we can at least slow them down. If a lot of us mobilize, we can stop them. When your mind says, “we can’t do anything”, STOP. Breathe. Do it anyway. When we are relentless, they will fatigue. Draw them out. Do not comply in advance.

File your Federal taxes directly FOR FREE 
For years AOC and many others have been fighting against the lobbyists at TurboTax, H&R Block, and others who make massive amounts of money off of people filing their taxes. IRS Free File could potentially cause those companies to lose a lot of money this year. That’s why this administration is trying to kill IRS Free File. This administration cares about making money for big businesses, not about protecting working class people. I’ve used a company to file for years. I’ll file my taxes for free this year with IRS Free File.

If you’re exhausted and have no time
Look up your rights, whether you’re a U.S. citizen, green card holder, visa holder, or undocumented. You can also help your neighbors know their rights. AOC put a Know Your Rights flyer on her website in English, Spanish, Bangla, Mandarin, and Arabic.

If you have a little more energy
Print out the Know Your Rights flyer. Take them around to your local shops, business, food carts, and libraries, and ask if you can put them up for people to read.

If you have a medium amount of energy
Call your senators. No matter what party they’re in, tell them you want them to vote no on every single cabinet appointment. Even if your call just slows them down a fraction, it’s effective. No matter how they vote, your voice matters. Your anger matters, even if they make you think it doesn’t. Their skin is thin. And so is this administration’s. And so is this batch of billionaires’. 
 
Call your House Reps. No matter how they vote, no matter what party they’re in, express your dismay. You might think it doesn’t matter, especially if they support this administration, but it matters. The tallies of who calls and what those callers say is reported to them every single day. Call them.

If you’re a federal worker
Don’t take the buy-out. They’re counting on you giving up and walking away so they can do whatever they want. Make them make you leave. Don’t consent in advance.

If ICE comes to your home, workplace, school, house of worship, or community center
You don’t have to open the door. They need a judicial warrant with a judge’s signature to enter. You can ask them to leave. You don’t have to give them any personal information. You don’t have to answer any of their questions. You don’t need to sign anything. You can ask for an attorney. California and New York provide attorneys for everyone, even those who are undocumented. Outside those states, you can ask to speak to an attorney. You can stay silent, even if you’re detained.

In summary
Take a breath
Focus
Know your rights and help others know theirs
Call your senators and House reps

creativity

The Serviceberry: The world’s wisest economist

Christa Avampato
Serviceberry. Photo by Georg Eiermann on Unsplash.

Could prizing generosity as much as we covet wealth, celebrity, and power be what saves us?

I recently read the book, The Serviceberry: Abundance and Reciprocity in the Natural World by Robin Wall Kimmerer. It explores ecological economics, a field that centers the relationship between the natural world and the human-made economy.

The words “ecology” and “economy” originate from the same Greek word “oikos”, meaning “home”. Ecology and economy both involve studying and managing the environment in which we live­ — ecology being a nature-made home and economy being a human-made home.

With that shared history between “ecology” and “economy”, Dr. Kimmerer asks how we might model nature’s generosity to transform our human-made capitalist economy that works best for the wealthy into one that is healthy, high-functioning, and inclusive so that everyone thrives.

How might we move from a paradigm of haves and have-nots to everyone-has-enough? Can our capitalist economy transform into one rooted in generosity? What would that look like? How would it function?

Nature shows us that the key to generosity is trust. A serviceberry plant freely offers its delicious berries to animals knowing those animals will disperse its seeds. It’s part of their ecological agreement — an equal give and take that benefits everyone. This same type of equitable reciprocity exists throughout natural ecosystems, each member giving its resources and taking what it needs in return. Nature doesn’t hoard abundance, nature shares.

In this new year, already fraught with difficulties and loss on a massive scale, we can emulate the generosity of the serviceberry plant. We all have an abundance of something — talents, abilities, training and education, time, resources, kindness, love. We also all have needs. Somebody somewhere needs what we have, and somebody somewhere has what we need.

That matchmaking, that trust that if a call goes out it will be answered, is what’s helped nature flourish for millennia. We’re a part of nature, and it’s no different for us. Offer what you have to someone who needs it. Trust that when you ask for help in some form, someone who has an abundance of what you need will step forward. Nature shows us that navigating through difficulty is easier when we travel together.

If we can begin to bake nature’s example of trust and generosity into our own lives and extend it into our workplaces, schools, communities, and governments, we can start that shift that Dr. Kimmerer and ecological economists envision for us. Like the serviceberry plant, we’ll find generosity is a gift that returns to us season after season, creating the virtuous loop that is nature’s foundation and can be the bedrock of our future economy and society if we choose for it.

creativity

The best start to 2025

Christa Avampato

This is the face of someone who just paid off her student loans! I started 2025 completely debt free for the first time in my adult life. I put myself through undergrad and three grad programs. I’m grateful for everything I learned, and more importantly, for all the people I met who’ve become friends and mentors.

Sure, I wish the Biden student debt relief that applied to me hadn’t been stopped by the courts and politicians who lack empathy. I wish I’d gotten some scholarship, bursary, or employer funding. Still, my education is the best investment I’ve ever made. I’m proud of myself for working hard, saving, and reaching this milestone. I’m very lucky, and I’ll pay it all forward now that I’m done paying back all these loans.

What a way to start this new year! 

creativity

My favorite organizations for Giving Tuesday

Christa Avampato
Photo by Sticker Mule on Unsplash

Today is Giving Tuesday, a day during the holiday season that raises awareness for giving to nonprofit organizations. I’ve worked professionally in the nonprofit space for many years in different capacities including fundraising, product development and product management, program direction, strategy, operations, and communications. These have been some of my most gratifying career experiences. I’ve also been fortunate to be an active volunteer and donor.

If you want to make donations this holiday season, and / or get more involved with nonprofit organizations, here is a list of the ones I support as a donor and volunteer:

Animals and Pets
Muddy Paws Rescue
I’m a foster parent for dogs through Muddy Paws Rescue. The support, guidance, advice, and services they provide to dogs, fosters, and adopters is unparalleled. Through a partnership with Tito’s Vodka, donations today will be matched.

Animal Care Centers of NYC (NYCACC)
This is our city shelter system for animals who are homeless. They don’t turn away any animals and work closely with groups such as Muddy Paws to help these animals find forever homes. With the help of the Mayor’s Office of Animal Welfare, they also provide support for people who are struggling financially to take care of their pets with food assistance and medical care so that people can keep their beloved pets. With the help of the pet food company, Ollie, I’ve arranged to have an entire pallet of Ollie treats shipped to NYCACC to support the shelter pups.

White Whiskers Senior Dog Sanctuary
I learned about this organization when I wanted to make a gift to a senior dog organization in honor of my soul dog, Phineas, who passed away in January. I love their mission to find loving homes for sweet senior pups.

15/10 Foundation
This organization is doing the tough work of providing funds for medical care for pets to help them find forever homes. This is the same group that runs We Rate Dogs, famous for their joyful posts on social media that make everyone’s day. I adore them. I became a monthly donor as a way to thank all the people who have supported my Emerson Page novels which feature Friday, Emerson’s service dog who is also a rescue!

Climate and Environment
Prospect Park Alliance
I moved to Brooklyn in June 2023, a short 15-minute walk to Prospect Park. I love having that nature sanctuary as my backyard and I’m happy to support them. Today, your donations will be doubled.

National Parks Association
The U.S. is so fortunate to have so much protected public land in our national parks. In 2025, they will need our help more than ever as we navigate a new federal administration. Today, all donations will be tripled!

Arbor Day Foundation
Trees provide us with so many gifts – clean air, water filtration, food, and storm protection to name just a few! A gift to the Arbor Day Foundation makes sure our trees receive the protection and care they deserve.

The Climate Reality Project
Since 2006, Vice President Al Gore has trained over 45,000 climate leaders and change makers in all 50 states and 190 countries, me included. (I was trained in NYC in April 2024.) Today, all gifts will be matched.

Humanitarian and Health
World Central Kitchen
Hands-down, World Central Kitchen founded by Chef Jose Andres is the premiere organization for humanitarian relief. With a small staff, mostly employing local people on the ground in areas they serve, they feed anyone and everyone in need. I’m a proud monthly donor.

Coalition for the Homeless
This year I provided a donation to support their back-to-school program that provides new backpacks filled with new school supplies for New York City children who are homeless. They do so much to help our most vulnerable neighbors.

Fisher House Foundation
Most of the members of my small family have served in the U.S. military. As a Christmas gift every year for my uncle who served in Vietnam, I donate to Fisher House. With 98 locations, they have housed 500,000 military families for free when a loved one is in the hospital.

Education
Brooklyn Public Library
I use my local library all the time and our city is made better for all of the services our library systems provide to everyone. All donations to Brooklyn Public Library will be matched today!

Letters to a Pre-Scientist (LPS)
I’m now in my second year of being a STEM pen pal for students in grades 5 through 10 in low-income communities. LPS pairs students with a worldwide network of STEM professionals for a yearlong pen pal program during science class. We help broaden students’ awareness of what STEM professionals look like and do at work and inspire all students to explore a future in STEM.

creativity

5 ways to save money and waste less food on Thanksgiving

Christa Avampato
Photo by Megan Watson on Unsplash

Thanksgiving is 2 weeks from today and menu planning is in full swing. There are strategies you can put in place right now to save money and reduce food waste. These strategies will protect your finances and the natural world. Food prices today are 28% higher than they were in 2019 because of corporate price gouging, and the higher production costs and lower available supply caused by world events like the war in Ukraine.

These ReFED food waste stats about food waste from Thanksgiving Day shocked me:

  • ~316 million pounds of groceries worth $556 million will be wasted on Thanksgiving Day alone in 2024. If saved, this could provide 5 meals for each one of the 47.4 million Americans who are hungry.
  • It took 105 billion gallons of water to make all this wasted food — the equivalent of every American taking 18 showers
  • Over half of the food wasted on Thanksgiving comes from two items — turkey and milk. This is equivalent to 8.2 million whole turkeys. 
  • The greenhouse gas emissions from Thanksgiving food waste are 798,568 metric tons — equivalent to driving 190,000 gas-powered cars for an entire year.
  • When the Thanksgiving food waste decomposes in landfills, it will release 5,000 metric tons of methane gas (a potent and poisonous greenhouse gas)— equivalent to the electricity used by 26,000 homes for an entire year. 

Here are 5 ways you can reduce food waste, saving you money and protecting the health of the planet:

1.) Ask about your guests’ food preferences now
Make sure you know everyone’s dietary restrictions and allergies ahead of time. Build your menu around them so you don’t make any dishes that people can’t eat. 

2.) Make everyone’s favorites
While it’s always fun to try new recipes, when prepping for large group meals stick to everyone’s favorites that are likely to be eaten and likely to be taken home by guests as leftovers. Ask them for their favorite recipes or ask them to bring their favorite dish. Share the full menu ahead of time so everyone knows what to expect and so you can catch any dietary restrictions or allergies before the big day.  

3.) Use the free “Save the Food” Guestimator to make the right amount of food
This guestimator helps you estimate how much food you need to make for everyone at your table to be full and happy. It’s free to use, and customizable by number of guests, appetite level of each guest, how many leftover meals you want to have when dinner is done, and the food type (classic Thanksgiving dinner, vegetarian, or a bit of each). It accounts for the main dishes, sides, and dessert. Savethefood has additional great tools to reduce food waste including storage info for different foods, meal planning and prepping, and recipes.  

4.) Plan to give some leftovers to all of your guests to take home
Have lots of containers on-hand so everyone can take some leftovers home to enjoy or ask guests to bring containers with them. You could also ask them in advance which types of leftovers they’d like to take and how much they want to build into your planning with the guestimator tool above. 

5.) Clean out your fridge and freezer
Your fridge and freezer are great tools to save food waste and have food to enjoy in the days, weeks, and even months ahead! Frozen meals, when properly stored (see Savethefood’s storage tool for more info on that!), can last for months and will help you have a nutritious meal in minutes during the busy holiday season. 

All of these strategies and tools can be used for any food gathering you’re having at any time of year and will help you waste less food (and less money) all year long. Happy holidays!

creativity

Zillow will provide climate risk data on for-sale listings

Christa Avampato
Man looking at loss of home to a tornado in Cambridge Shores, Kentucky in 2021. Photo by Chandler Cruttenden on Unsplash

If you’re a prospective homebuyer and concerned about climate risk, Zillow is about to make your search much easier. By the end of 2024, for-sale listings on Zillow’s website will include climate risk information for flood, wildfire, wind, heat, and air quality by partnering with First Street, the gold standard for climate risk financial modeling. First Street’s models are developed by leading scientists and vetted through a peer-review process to transparently calculate the past, present, and future climate risk for properties and make it available for all. This ensures the climate insights given on Zillow are both credible and actionable.

Zillow will also include insurance recommendations, climate risk scores, interactive maps, and show if and when a property has experienced past climate events. It will be the first and only real estate listing site to provide this detailed data, giving the company a significant point of differentiation.

Consumer demand
Zillow decided to provide this data based on overwhelming consumer demand. Zillow research in September 2023 showed 83% of prospective U.S. home buyers consider climate risk. That percentage varies by geography—90% in the West, 85% in the Northeast, 79% in the South, and 77% in the Midwest. The average age of a U.S. homebuyer today is 39. Millennials and Gen Z are entering the home buying market and care deeply about climate. Zillow is centering their current and future users. 

A potential shift in the real estate market
This data could significantly shift the real estate market and the migration of home buyers within the U.S. because climate risk is growing more pervasive. Across all new listings in August 2024, 55.5% have a major risk of extreme heat, 1/3 for extreme wind exposure, 16.7% for wildfire, 13% for air quality, and 12.8% for flooding. 

The risks vary widely by geography. Over 70% of new listings in the Riverside, California metro area have a major wildfire risk. Wildfire risks impact 47% of new listings in Sacramento, and roughly 1/3 of listings in Jacksonville, Phoenix, San Diego, and Denver. 76.8% of new listings in the New Orleans metro area have a major flood risk, while roughly 1/3 in Houston, Miami, and Tampa and over 1/4 in Virginia Beach are at risk of flooding. In general, Midwest markets hold the lowest climate risk with less than 10% of new listings having any major climate risk in Cleveland, Columbus, Milwaukee, Indianapolis, Minneapolis, Detroit, and Kansas City.

Accuracy of First Street climate risk data
Some cities and the federal government through FEMA provide some climate risk information. This includes designated flood zones that help consumers partially assess risk. However, this is not comprehensive enough to help consumers holistically gauge insurance needs and potential future risks. This is where First Street’s modeling really shows its financial value. 

Consider Hurricane Debby, the storm that wreaked havoc along the U.S. east coast in August 2024. First Street’s analysis found 78% of properties flooded by Debby were outside FEMA flood zones, meaning flood insurance isn’t mandatory. 85% of these properties would have received an insurance recommendation on Zillow, highlighting how First Street’s climate risk data can inform buyers during their home search.

Climate data can change where and how we build
Not only does First Street’s data on Zillow inform prospective home buyers and real estate agents; it can also serve home builders, municipalities, and the federal government. Home builders can use it to assess the value of their potential construction sites. Municipalities can use it to assess where they need to focus their infrastructure dollars for climate resiliency and adaptation builds. The federal government can use the data to re-evaluate and assess FEMA designations for climate events and more effectively consider plans to support the expansion of the available housing market. It may also help us as a society plan for migration within the U.S. as we face climate change impacts. 

What I find most refreshing about Zillow’s approach is that it’s not about politics or marketing. It’s about science and data. Zillow isn’t telling consumers which property to buy, or which risks they should consider. It’s providing the data in a clear, consistent manner so consumers can make the most clear-eyed choices possible. With this data in-hand, consumers can understand the risk they’re taking and how to prepare for it. In this risky world of ours, that’s data we all desperately need.

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Greenhouse Gas Reduction Fund creates economic opportunity and protects the planet

Christa Avampato

The Greenhouse Gas Reduction Fund is a powerful climate finance policy in the U.S. that hasn’t gotten enough attention. It effectively leverages blended finance, creating an effective model for future policies. Here’s the deal:

With the U.S. Environmental Protection Agency (EPA), Vice President Kamala Harris announced a $20 billion investment in climate and clean energy projects: three under the $14 billion National Clean Investment Fund and five under the $6 billion Clean Communities Investment Accelerator. They will create a national clean financing network for clean energy and climate solutions across sectors, ensuring communities have access to the capital they need to participate in and benefit from a cleaner, more sustainable economy.

Together, the eight selected projects will deliver on the three objectives of the Greenhouse Gas Reduction Fund: reducing climate and air pollution; delivering benefits to communities, especially low-income and disadvantaged communities; and mobilizing financing and private capital. As part of this collective effort, selected applicants have committed to the following:

Fund projects across sectors that will reduce or avoid greenhouse gas emissions

  • These projects fund net-zero buildings, zero-emissions transportation, distributed energy generation and storage, and the decarbonization of agriculture and heavy industry.

Reach communities in all 50 states, the 6 U.S. territories, and Tribal Lands, with a particular focus on low-income and disadvantaged communities

  • $14 billion funds low-income and disadvantaged communities that need it most, ensuring that program benefits flow to the communities most in need and advance the President’s Justice40 Initiative
  • Over $4 billion to rural and energy communities
  • Nearly $1.5 billion to Tribal communities

Mobilize private capital at an almost 7:1 ratio over the next seven years, with every dollar in grant funds leveraged for almost seven dollars in private funds

  • This is a significant point because a sustainable world requires private investment. This means $20 billion in U.S. government funding activates an additional $130 billion in private capital from banks, asset managers, and individual investors for a total of $150 billion. (This is known as “blended finance” — investments from different sources are combined to achieve a common goal.)

Fund community lenders and partners who are already working in communities across the country to deliver investments quickly

  • 1,000 community lenders are lending in low-income and disadvantaged communities, including Community Development Financial Institutions (including Community Development Loan Funds, Community Development Banks, Community Development Credit Unions, and Community Development Venture Capital Funds); low-income credit unions, and green banks.

Hundreds of thousands of good-paying, high-quality jobs, especially in low-income and disadvantaged communities

  • Create hundreds of thousands of good-paying, high-quality jobs, supported by a number of local, regional, and national labor union jobs

Vice President Harris has spent her career standing up for people and the planet. She’s not resting on her laurels. She’s moving us forward toward a healthy, sustainable world for all. The Greenhouse Gas Reduction Fund is a cornerstone of a set of policies that create economic opportunities while protecting the planet we share.