Vermont is in line to receive up to an estimated $4 million in additional funding to help reduce future flood damage, and communities have just over a month to apply for the money, which can be used for such projects as buying out flood-prone properties or replacing undersized culverts.
The Federal Emergency Management Agency granted the state an extension through Dec. 1 to apply for more funding. The state oversees the applications sent to FEMA and has set a Nov. 18 deadline for towns to file theirs.
“We literally have federal money burning a hole in our pocket and we have a very narrow window of time in which we have to spend it to qualify for even more money,” said Ben Rose, Emergency Management’s recovery and mitigation chief.
Since the remnants of Hurricane Irene devastated the state two years ago, Vermont has applied for about $30 million in FEMA hazard mitigation grants. The additional funding from the latest round of grants is expected to be $2 million to $4 million.
Was this article valuable?
Here are more articles you may enjoy.
Florida’s Slide Insurance Secures $210 Million Catastrophe Bond 
AIG Sues Newly Launched Dellwood Insurance and Its Founders 
Coral Gables, Florida Tops Beverly Hills as Ritziest Home Market in US 
Florida Public Adjuster, Renter Charged With Filing Claim on Rental Home 
