FEMA cash flows to waterfront homeowners in Florida
For years, the Federal Emergency Management Association (FEMA) has been handing out millions of dollars to homeowners all over the country to renovate homes. The idea is to help mitigate problems with future flooding; they want owners to raise homes higher off the ground.
Just in the the community of Madeira Beach, Florida - a barrier island to the east of St. Petersburg - FEMA has handed out grants totaling more than $3.6 million to homeowners since 1996. I’m sorry, but I have a problem with the federal government handing out cash to people who purchased homes three feet above sea level.
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