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New York

hrmjustin

(71,265 posts) Fri Jun 6, 2014, 10:31 AM Jun 2014

0

New York starts buying Sandy-damaged LI homes

MAURA MCDERMOTT

New York has begun purchasing Sandy-damaged Long Island homes, more than a year and a half after the devastating storm made landfall.

NY Rising, the agency that is providing federal funds to help communities recover from the Oct. 29, 2012, superstorm, closed on its first 34 home purchases last month.

It plans to hire a company this month to auction off some of those homes, along with hundreds of others. The homes will be repaired -- or built anew, if they were destroyed -- in ways that make them resistant to future storms.
http://www.newsday.com/classifieds/real-estate/new-york-starts-buying-sandy-damaged-li-homes-1.8350576