What Happens to Flood-Zone Properties After FEMA Buys Them Out?
38,000 former flood-zone properties — structures demolished, land deed-restricted forever. Once the pavement breaks apart, the floodplain rebuilds itself within a single growing season. Since 1993, at least 38,000 flood-prone properties have been acquired through FEMA’s Hazard Mitigation Grant Program, their structures demolished and their land permanently deed-restricted from any future development. That number lands … Read more