Cost of buying out flood-prone homes: $5B and rising - News Summed Up

Cost of buying out flood-prone homes: $5B and rising


They're still waiting for offers, joining thousands of others across the country in a slow-moving line to escape from flood-prone homes. DeFazio wants to expand and revamp a buyout process that he describes as inefficient and irrational. Three-quarters remained on Staten Island, and about one-fifth moved to homes that still were exposed to coastal flooding hazards. The prolonged buyout process also can take an emotional toll on people who are uprooted. Multiple layers of government bureaucracy can slow the buyout process.


Source: ABC News May 27, 2019 11:53 UTC



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