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Today's Lead: State Expands Sandy Home Buyback Program

by Mike Muller, Nov 19, 2013
 

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The state is expanding its buyback program to 129 homes in Staten Island's Ocean Breeze section, which was battered by Superstorm Sandy. The voluntary program will offer residents a little above their homes' pre-storm value, including additional money if they relocate within the city. They join 420 homes covered by the program in nearby Oakwood Beach. The properties will be transformed into open space or coastal buffer zones. Floodwaters knocked down 20 houses in the neighborhood and most of the others were badly damaged. Some residents have made repairs, but many remain boarded up.

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Last Updated (Nov 19, 2013)