State Picks up on Buyback Costs
5/13/2013 (Updated 6:54:33 PM)Some local communities are breathing a bit easier Monday night. The state has announced it is picking up the 25% cost of buyouts.
Of homes destroyed by Hurricane Irene and Tropical Storm Lee not covered by the federal government.
This means local municipalities like the Town of Union, which has 181 property owners who have applied for a buyout, will not have to pay for any of the buyouts.
"Would we have ended up as a town condemning them? Who would have paid all the legal work, who would pay for that to go down then? That would have been passed on to the Town of Union resident," said Town of Union Supervisor, Rose Sotak.
The estimated cost of the 25% of the buyout is $48.5 million dollars.
The money will come from a Federal Community Development Block Grant Disaster Program.
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