flood home buyout News

Government Has Bought 43,000 Flood-Prone Homes; Poor Often Left Behind

As the climate crisis worsens, more Americans will be forced from their homes. Many won’t be able to afford it, and the U.S. isn’t prepared for a massive, government-subsidized migration away from flood-prone areas, according to the first comprehensive analysis …

FEMA Buying Out 90 Flood Damaged Vermont Homes, So Far

The Federal Emergency Management Agency has agreed to buy out a total of 90 properties across Vermont that were damaged by Tropical Storm Irene and other 2011 flooding. Eight structures were deemed ineligible for the federal hazard mitigation program and …

Ex-DEP Boss: Buy Out Flood-Prone New Jersey Homes

As New Jersey lawmakers consider a package of bills to help the state recover from Superstorm Sandy, a former New Jersey environmental protection commissioner says the storm provided a golden opportunity to buy out flood-prone homes and move them further …

Fargo, North Dakota, to Offer Buyouts to Residents of 56 Homes

North Dakota’s largest city is planning to offer buyouts to residents of 56 homes next year as part of a plan to protect them from Red River flooding. Fargo officials say the buyouts will likely cost about $24 million, The …

5 Mississippi Home Buyouts Could Happen in New Year

Five property owners whose homes were inundated by the spring flood could have their homes bought out by the city of Vicksburg next year. The Board of Mayor and Aldermen has authorized Mayor Paul Winfield to apply for a $150,000 …