The city of Cedar Rapids, Iowa, has purchased more than 1,000 properties that were damaged during the flooding of 2008. The city said it had acquired 1,001 flood-damaged properties through the Voluntary Property Acquisition Program. After the 2008 floods, the city identified 1,300 homes and businesses that were eligible for the buyout program. More than 320 additional properties are working their way through the program.
So far, more than $60 million has been distributed for the program from FEMA, the U.S. Department of Housing and Urban Development and local option sales tax revenues. Applications for the buyout program are due by June 30.
Topics Flood
Was this article valuable?
Here are more articles you may enjoy.
Lockton Named in NBA Investigation Into Clippers Salary Cap Circumvention 
Are We Training Claims Adjusters or Claims Processors? 
EQT to Pay $2 Billion for Majority Stake in McGill and Partners 
UnitedHealth Sells Interest in Florida WellMed Clinics to TPG From This Issue
