FEMA denies 33 Vt. home buyouts
Posted at: 12/20/2012 9:26 AM
Updated at: 12/20/2012 11:25 AM
MONTPELIER, Vt. (AP) - The Federal Emergency Management Agency has rejected buyouts for 33 Vermont properties damaged by Tropical Storm Irene and spring flooding last year.
Irene Recovery Officer Sue Minter says the state may appeal in some of the cases. She also said Wednesday that the state is pulling together a team to look at alternative funding sources to help these homeowners.
FEMA has approved 81 home buyouts. Under the program, the agency will pay up to 75 percent of the home's value.
The homes will be demolished and the land in flood plains will be turned into land that will not be developed to protect against future hazards.
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