Post by bluemingidiot on Sept 8, 2017 2:17:07 GMT
Harris County has already bought out more homeowners than any county in the country, spending $225 million in purchases over the last 20 years.
Of the 1.1 million residential structures in Harris County, only one in five, or about 230,000, have national flood insurance. Of the county’s 130,000 residential buildings in “high hazard” areas — those in the so-called 100-year floodplains -- less than half, or about 55,000, are covered, despite requirements for such insurance.
www.chron.com/business/article/FEMA-looks-to-buyout-homes-flooded-by-Hurricane-12180372.php
Is the FEMA buyout limited to those who purchase flood insurance?
Of the 1.1 million residential structures in Harris County, only one in five, or about 230,000, have national flood insurance. Of the county’s 130,000 residential buildings in “high hazard” areas — those in the so-called 100-year floodplains -- less than half, or about 55,000, are covered, despite requirements for such insurance.
www.chron.com/business/article/FEMA-looks-to-buyout-homes-flooded-by-Hurricane-12180372.php
Is the FEMA buyout limited to those who purchase flood insurance?