home buyouts News

Austin Officials Okay $30M for Flood-Prone Home Buyouts

Austin, Texas, officials have authorized spending more than $30 million to buy about 140 homes in a neighborhood savaged last year by severe flooding. The city council voted unanimously Thursday to OK the buyouts along Onion Creek. It will spend …

Staten Island Residents Ask for Superstorm Sandy Buyouts

More Staten Island residents who suffered big losses during Superstorm Sandy have asked the state of New York to buy their damaged homes. The South Beach Civic Association tells the Staten Island Advance that 132 homeowners from the neighborhood have …

Application Process Opens for Minot Flood Grants

Homeowners in Minot, N.D., affected by the Souris River flooding in 2011 can begin applying for grants to help with repair costs, while the city prepares to buy out more homes to make way for a flood protection project. The …

First Superstorm Sandy Home Buyout Set to Close in New York

Even when Superstorm Sandy killed their neighbors and flooded their house, Frank and Mary Lettieri vowed to stay in the Staten Island, New York, home where they raised five children. But with a popular home buyback program set to close …

Some Louisiana Residents Take Buyouts From Salt Dome Owner

A third of a group of Louisiana residents evacuated because of an Assumption Parish sinkhole have accepted buyout offers from Texas Brine Co. Company spokesman Sonny Cranch says that as of noon Sunday, 33 of 91 people have taken out-of-court …

New Jersey Governor Seeks $250M for Sandy Buyouts

Gov. Chris Christie said Tuesday that he is asking the federal government to let the state use $250 million in Sandy aid to help New Jersey buy out homeowners in flood-prone areas, but he does not want to force people …

Texas Brine to Begin Sinkhole Buyouts

Texas Brine will offer buyouts to Assumption Parish residents whose homes are in a swampy area under evacuation because of a nine-acre sinkhole, Gov. Bobby Jindal said last week. Scientists say the sinkhole formed after the collapse of an underground …

Staten Island Area Hit by Sandy Chosen for Buyouts

A Staten Island neighborhood where three people died during Superstorm Sandy will be the first to get state-sponsored home buyouts. Gov. Andrew Cuomo outlined the planned program during a visit to the borough on Monday. In remarks made as part …