1. Home
  2. Update

USA: Flood-prone homes may be bought out in Des Plaines, Illinois

Source(s): Chicago Tribune
Upload your content

Owners could qualify for government to purchase properties, reports the Chicago Tribune.

According to the report, homeowners whose properties repeatedly sustain losses and are determined by FEMA to have a benefit-cost ratio of 1.0, meaning the government saves a dollar for every dollar it spends, will qualify, according to Ron Davis, state hazard mitigation officer, disaster assistance and preparedness, with the Illinois Emergency Management Agency.

Attachments

View full story English

Document links last validated on: 16 July 2021

Explore further

Hazards Flood
Themes Insurance and risk transfer Governance Economics of DRR
Country and region United States of America
Share this

Please note: Content is displayed as last posted by a PreventionWeb community member or editor. The views expressed therein are not necessarily those of UNDRR, PreventionWeb, or its sponsors. See our terms of use

Is this page useful?

Yes No
Report an issue on this page

Thank you. If you have 2 minutes, we would benefit from additional feedback (link opens in a new window).