U.S. Rep. Jim Cooper (D-Tenn.) reports that the Federal Emergency Management Agency (FEMA) will provide more than $7 million to Davidson County for home buyouts.
The buyout program will be coordinated by the local government officials and is designed to purchase residential properties that were substantially damaged during the historic May 2010 flooding.
“The federal government will continue to play a role in our recovery by investing in Nashville’s future,” Cooper said.
The funding is part of FEMA’s Hazard Mitigation Grant Program, a federal grant program to implement long-term hazard mitigation measures after a natural disaster. FEMA has approved 81 homes for the buy-out so far.