FEMA Buying Out 90 Flood Damaged Vt. Homes

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The Federal Emergency Management Agency has agreed to buy out 90 properties across Vermont that were damaged by 2011 flooding, most from Tropical Storm Irene.

Eight structures were deemed ineligible for the federal hazard mitigation program and 24 applications are still pending.

Of those, FEMA has committed $12.8 million. The pending acquisitions total $6.1 million.

Earlier this week, state officials agreed to help buy out five of the properties that were rejected by FEMA.

FEMA’s hazardous mitigation program pays a portion of the pre-flood value of structures in areas likely to be hit again by future flooding. The structures are then torn down so they can’t be damaged again.

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