Ninety-nine homes destroyed in last year's flooding have been approved for buyouts by the state, reported Vermont Public Radio this week. The approvals now await FEMA approval. The homes are located in 34 towns across Vermont.
Vermont officials hope that homeowners will receive close to 100 percent of the pre-disaster assessed value, as a result of the buyout. Once FEMA approves the buyout and pays the homeowner, the land becomes the property of the town and can't be developed again.
Hear more from Vermont Public Radio.