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16 FLOODED DEKALB STRUCTURES TO BE BOUGHT "Purpose of the buyout is to avoid costly losses in future flood events" March 23, 2000
DECATUR - Congresswoman Cynthia McKinney (D-4th) announces sixteen structures in DeKalb County will be purchased and torn down as a result of repetitive damage from floodwaters. Cost of the extensive project will be $2,264,500. Federal Emergency Management Agency (FEMA) will fund 75 percent of the cost and the county will pay the remaining share. The homes were built before enactment of the National Flood Insurance Program (NFIP). All 16 residences presently are occupied. Acquisition will permit the occupants to move to safer ground. FEMA's funding share comes from the agency's Hazard Mitigation Grant Program (HMGP), a decade-old initiative that had put nearly $40 million into similar flood control and mitigation projects by the close of 1999. "By returning the sites to their natural condition, the project becomes cost-effective and will save county taxpayers the cost of substantial repairs in future times," concluded McKinney. |
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