flood buyouts News

Group Says FEMA’s Flood Home Buyouts Take Too Long

For those who want to move out of a flood zone, the wait time for a home buyout can stretch five years or more, according to the Natural Resources Defense Council (NRDC), which analyzed nearly 30 years of data from …

Homeowners in South Carolina County Seek Buyout of Flooded Property

More than two dozen Lexington County, S.C., residents are ready to sell their homes rather than repair the flood damage. The State newspaper reported that 28 homeowners are asking county officials to buy and demolish the homes as part of …

Kentucky Sewer District Approves $1M for Flood Buyouts

The Louisville, Ky., Metropolitan Sewer District board has approved $1 million of a proposed $3 million settlement in an effort to buy out a group of repeated flood victims, while Metro Council leadership and Mayor Greg Fischer were making no …

4 North New Jersey Towns to Share $2.9M in Flood Buyouts

Millions of dollars in state funds are heading to North Jersey towns, providing a measure of relief to at least a dozen households devastated by Hurricane Irene.But even as officials cheered the Blue Acres grants — part of a proposed …

Mississippi County Approves 7 More Flooded Home Buyouts

Jackson County supervisors have approved a payment of $500,949 to Island Winds Title Co. to close on seven homes. According to The Mississippi Press, the action brings the county closer to completing its role in a federal buyout program meant …

Mississippi Homeowners Sign Up for Flood Buyouts

Eighteen north Vicksburg homeowners who suffered damage from the Mississippi River flooding this spring have signed up for the city’s buyout program. The Vicksburg Post reported the voluntary buyout will be conducted in two phases. The first involves homes in …

Texas Investigates Buyouts of Homes Damaged by Ike

Disagreements among homeowners in an exclusive Galveston Island beach community have led to a fraud investigation involving a $25 million federal buyout program for houses damaged by Hurricane Ike in 2008. The state-run program is administered by Galveston and funded …