Skip to main content

FEMA Funds Buy 502 Flood-Prone Homes

Sep 04, 2018
A new report issued by the Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) has identified multiple cases where officials in state housing agencies charged the Hardest Hit Fund (HHF) with more than $411,000 in travel

The Federal Emergency Management Agency (FEMA) allocated more than $81 million to Texas’ Harris County Flood Control District to purchase of 502 flood-prone homes damaged last year by Hurricane Harvey.
 
FEMA had previously allocated more than $77 million to the Harris County Flood Control District to acquire and remove 463 residential structures. Once the properties are razed, the land will be used as open space to conserve natural floodplain functions.
 
This endeavor is part a part of the $217 million Hazard Mitigation Grant Program (HMGP), which requires a 25 percent non-federal match. The total cost of the Harris County project is $217 million.

 
About the author
Published
Sep 04, 2018
Tug-Of-War Continues Between President Trump, Fed Chair Powell Over Rate Cuts

President’s April 17 social media post expresses growing impatience with Federal Reserve Board not cutting rates

Apr 18, 2025
Mortgage Insurance Premium Tax Write-Off Back On The Table

Bipartisan bill would restore, expand expired MIP deduction, aiming to ease homeownership costs for millions

Apr 15, 2025
FBI Boston Warns Of Growing Title Fraud

Fraudsters forging documents to sell properties or take out mortgages on them, FBI says

Apr 14, 2025
Remembering Kevin DeLory

Equity Prime Mortgage executive, 53, passes away after battle with cancer

Apr 10, 2025
UWM Taps Google To Double Loan Output

The strategic partnership brings AI-driven automation and cloud technology to streamline the home loan process for brokers and borrowers

Apr 08, 2025
Only First-Time Buyers Should Get Mortgage Interest Deduction, UI Says

Urban Institute proposes changing the tax code, but will policymakers and trade groups go for it?

Apr 04, 2025