hurricane sandy

Staten Island Homeowners Take First Sandy Buyout

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A woman walks with her dog by homes damaged by Hurricane Sandy along the beach in the Rockaways on January 15, 2013 in New York City. A $50.7 billion Superstorm Sandy aid package is expected to be voted on today in the House. The package, which has come under criticism by some fiscal conservatives, is being heavily pushed by Northeastern lawmakers. The money would be spent on immediate needs to the region including $5.4 billion for New York and New Jersey transit systems and $5.4 billion for the Federal Emergency Management Agency's disaster relief aid fund.
Photo: Spencer Platt/Getty Images2013 Getty Images

Gov. Andrew Cuomo found some takers for his offer to buy New Yorkers’ destroyed, flood-prone properties: A group of 141 homeowners in Staten Island’s Oakwood Beach neighborhood “were overjoyed by Cuomo’s announcement,” the New York Daily News reports. So now they’re set to become a pilot program for Cuomo’s plan, receiving their homes’ pre-storm value, plus another 10 percent if their home is in an area the state wants to return to nature, and another 5 percent if they relocate on Staten Island.

Sources

NYDN

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Staten Island Homeowners Take First Sandy Buyout