FEMA Proposes Rule Change to Allow Flood Victims to Rebuild on Same Plot of Land
At a Glance FEMA policies after a home is destroyed by flooding require the agency to purchase the land and turn it into open space.A new proposal would allow homeowners to buy back the land after the property has been destroyed.Critics of the proposal say it's going to make those homeowners vulnerable to repeat flood damage, which will be costly. A longtime FEMA policy to purchase flood-damaged plots of land from homeowners and turn them into open space could be...