Georgia Gets FEMA Flooding Aid
(Atlanta Business Chronicle) — Disaster relief funding is on its way for metro Atlantans who lost their properties in last fall’s flooding. The federal government’s $5.1 billion in supplemental Federal Emergency Management Agency funding singed by President Barack Obama includes $33.3 million for property buyouts in the Atlanta suburbs.
The projects include about 120 Atlanta-area properties in flood plains. To qualify for the money, damage to the homes had to be more than 50 percent of their appraised value. The homes will be demolished and preserved as green space and flood buffers.