Cuomo Seeking Home Buyouts in Flood Zones

Photo by Karsten Moran, New York Times

nytimes.com - by Thomas Kaplan - February 3, 2013

ALBANY — Gov. Andrew M. Cuomo is proposing to spend as much as $400 million to purchase homes wrecked by Hurricane Sandy, have them demolished and then preserve the flood-prone land permanently, as undeveloped coastline.

The purchase program, which still requires approval from federal officials, would be among the most ambitious ever undertaken, not only in scale but also in how Mr. Cuomo would be using the money to begin reshaping coastal land use. Residents living in flood plains with homes that were significantly damaged would be offered the pre-storm value of their houses to relocate; those in even more vulnerable areas would be offered a bonus to sell; and in a small number of highly flood-prone areas, the state would double the bonus if an entire block of homeowners agreed to leave.

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