The statement presents the idea that elevating buildings causes less displacement of residents compared to building diversion channels. Whether it is true or false depends on specific context and the details of the situation, such as the design and location of the buildings and channels, as well as local policies. If you support the idea that elevating buildings is better for minimizing resident displacement, then your answer would be True. If you believe otherwise, then the answer is False.
Without additional context, it's difficult to definitively categorize the statement as true or false.