flood property purchase program News

New Jersey Steers $50M Into Program to Buy Flood-Prone Properties

On a residential block in Lambertville, New Jersey where Tropical Storm Ida’s flood waters swept two houses into Swan Creek, Governor Phil Murphy announced a $50 million investment in a homeowner buyout program for Ida-impacted communities, and $10 million in …

FEMA Proposes Allowing Owners to Rebuild Homes After Taxpayer Buyouts

The Federal Emergency Management Agency is proposing to allow owners of homes destroyed by storms and bought out by the government to rebuild on the same flood-prone land. Currently, FEMA offers to buy homes that have been repeatedly damaged by …

Kentucky Officials Mull Buying Flood Victims’ Properties

Officials in McCracken County are moving forward with a plan to purchase property from flood victims so that the land won’t be built on again. The McCracken County Fiscal Court voted last week to apply to participate in the Federal …