Apr 06

State Expands Sandy Buyout Program to Graham Beach

The state is expanding its buyout program to a third Hurricane Sandy-affected neighborhood on Staten Island.

The state’s enhanced buyout area will now include Graham Beach on the island’s east shore.

Under the program, homeowners who had their properties wiped out or heavily damaged by Hurricane Sandy can receive the pre-storm value of their homes plus incentives.

The state will then use the property to maintain the island’s shoreline.

State officials have already started buyouts in nearby Oakwood Beach, buying 170 properties at a value of approximately $70 million.

Another 130 buyouts are pending in the Ocean Breeze neighborhood.

Watch the video at the link below.

Source: http://statenisland.ny1.com/content/news/206513/state-expands-sandy-buyout-program-to-graham-beach