Revised on: 07.6.2018 at 07:56 p.m.
Posted on: 07.6.2018 at 07:21 p.m.
State officials announced Friday that another $3.6 million in disaster recovery money for housing has been awarded to buy out 34 properties in Fair Bluff damaged by flooding caused by Hurricane Matthew in October 2016.
The $3,651,710 announced Friday for property buy-outs is in addition to $4,622,134 announced on June 25 for 20 other homes in Fair Bluff to be reconstructed and another 17 to be elevated above the flood plain.
That brings the total amount announced in less than two weeks for Fair Bluff to $8,273.844.
N.C. Emergency Management Director Mike Sprayberry was notified that the latest money had been approved in a letter dated Tuesday from the Federal Emergency Management Agency (FEMA) and his office notified local officials Friday.
Friday’s announcement of the $3.6 million for Fair Bluff was part of a larger announcement of $71.6 million for 558 properties statewide. That $71.6 million will be used to buy out a total of 152 properties (including the 34 in Fair Bluff), reconstruct 15 homes and elevate another 25.
The way the buy-out program works is that the money – which comes from FEMA with some state funding added – will be used to purchase the properties, which would then be signed over to the local government but with deed restrictions that prohibit anything from ever again being built on the property.
See more details in Tuesday’s print edition of The News Reporter.