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 In
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