FEMA, Vt., to pay $20M for flood mitigation - NEWS10 ABC: Albany, New York News, Weather, Sports
NORTHFIELD, Vt. (AP) - Vermont and the Federal Emergency Management Agency are joining to put $19.8 million toward buying out properties that are prone to flooding.
Gov. Peter Shumlin, U.S. Rep. Peter Welch and other officials traveled to Northfield on Wednesday to make the announcement. Northfield, which was hit hard by flooding from Irene, is the location of 13 of the homes being bought out under the Hazard Mitigation Grant Program.
The program enables owners of flood prone properties to move elsewhere, and bars new development on the bought out properties.
The federal agency covers 75 percent of the cost. Shumlin says the state is working to come up with the money to pay the other 75 percent of the cost.
Copyright 2012 by The Associated Press. All Rights Reserved.
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