To Rebuild or Relocate? Cuomo Offers Options

East Ticker
Houses damaged by Hurricane Sandy (Courtesy of David Sundberg)

Over the last few months, there’s been much talk about rebuilding smarter after Hurricane Sandy to prepare for the next super storm. But one alternative has gone under the radar until today’s State of the State Address when New York Governor Cuomo proposed the Recreate NY-Home Buyout Program that would provide funds to buy out homeowners who wish to sell their properties and relocate elsewhere. Capital New York reported that a resident estimated that 60 percent of his Fox Beach community in Staten Island wants a buyout, and through FEMA’s Hazard Mitigation Grant Program, that just might be possible. But for a buyout to happen, it requires a several-step process that would need the “Bloomberg administration to petition the state for grant money.” If Cuomo follows through on his proposal, residents of Fox Beach and other waterfront communities who want to relocate might get their wish. (Photo: David Sundberg/ESTO)

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