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USA: Flood-prone homes may be bought out in Des Plaines, Illinois

Source(s): Chicago Tribune
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Owners could qualify for government to purchase properties, reports the Chicago Tribune.

According to the report, homeowners whose properties repeatedly sustain losses and are determined by FEMA to have a benefit-cost ratio of 1.0, meaning the government saves a dollar for every dollar it spends, will qualify, according to Ron Davis, state hazard mitigation officer, disaster assistance and preparedness, with the Illinois Emergency Management Agency.

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Last checked: 16 July 2021

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Hazards Flood
Country and region United States of America

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