Gallery: Mayor Bloomberg Proposes Buying Hurricane Sandy Homes and Rede...

For homeowners left devastated after Hurricane Sandy, financial relief may be on the way. Mayor Michael Bloomberg is proposing to buy homes from Sandy flood victims in a program that will offer the purchased lands to potential real estate developers while at the same time allowing homeowners to relocated to higher land. Bloomberg’s plan mimics Governor Andrew Cuomo’s $400 million strategy to buy up Sandy homes at pre-Sandy values and convert the land into public spaces, parks and wetlands.

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