Deals close on flooded homesMarch 28,2013Officials say three Vermont families whose homes were destroyed by flooding from Tropical Storm Irene have had their properties bought by a Federal Emergency Management Agency hazard mitigation program.
Gov. Peter Shumlin said two of the properties are in Bethel and one is in Bolton.
The program buys properties in flood-prone areas, giving homeowners the pre-flood value of the homes. The homes are then torn down so they won’t be prone to damage from future floods.
Shumlin said the buyouts enable homeowners to get a fresh start.
FEMA has allocated $13 million for the program. Officials say 92 homes have received final approval for the buyout, most from Irene flooding, but also from flooding earlier in 2011.MORE IN This Just InBy Erin Mansfield Full StoryThe Associated Press Full Story
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