Gov. Shumlin: Homeowners Complete Home Buyout Process

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    By Vermont RealEstateRama -

    WASHINGTON, D.C. – March 27, 2013 – (RealEstateRama) — Gov. Peter Shumlin announced today that more than a year-and-a-half after they watched their homes destroyed by the floodwaters of Tropical Storm Irene and other floods in 2011, three families have closed on the sale of their properties as part of the FEMA’s Hazard Mitigation Grant Program (HMGP), completing the home buyout process. The three — two from Bethel and one from Bolton — are the first to complete the HMGP process and receive compensation for their washed out homes. HMGP provides federal funds for towns to buy properties in flood-prone areas to avoid future damage

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