FEMA HOME BUYING PROGRAM

FEMA, an acronym for Federal Emergency Management Agency is an agency of the United States Department of Homeland Security, it was funded by the presidential order on 1 April 1979 and it has been functioning since then till this present moment. It is the agency of Homeland Security (DHS), the main reason of creating FEMA is to get the effect of disasters has occurred in the United State. It as provides services for territories of the United State such as Puerto Rico. Over the years, congress increasingly extended the range of covered categories for assistance, and several presidential did the same. The president can declare a state of emergency due to the effect of natural disasters like hurricanes, tornadoes, or earthquakes. And when this is done, the Hazard Mitigation Grant Program (HMGP) funding may be available to help homeowners to build back better, safer, and stronger in other to reduce the risk of future damage from natural hazards.

As much as this is readily available, a person cannot apply directly for the Hazard Mitigation Grant Program (HMGP), you will need to work with your local community leaders as they develop a Hazard Mitigation Grant Program (HMGP) grant proposal.

Housing assistance under FEMA’s Individuals and Households Program (IHP) provides financial and direct assistance to those who qualify after a major disaster or emergency. The Housing Assistance program assists with housing needs, directly caused by the disaster, not covered by insurance or provided by other sources.

Such financial housing assistance provided under FEMA’s individuals and household program may include rental assistance, lodging expense reimbursement, home repair assistance, and home replacement assistance. And the direct housing assistance may include multi-family ease and repair, transportable temporary housing units, direct ease, and permanent housing construction.

There are certainly some conditions to meet before you can be considered, and the conditions are: you must be a U.S citizen or anybody who lives with you, you must pass FEMA’s identity and occupancy verifications, you must have no insurance or have filed an insurance claim, your primary home is in a Presidentially declared disaster area and is available or is not accessible.

Does FEMA buy houses? Yes, they do. After the damages caused by the natural disasters has damaged the house, the homeowner might begin to clean up and start the rebuilding process to get their homes and lives back to normal, but some flood weary homeowners will take the government upon a rare offer and agree to sell their properties to start over in a safer and better environment and turn the land to a permanent open space.

The communities across the country have bought more than 20,000 damaged homes under a buyout plan funded largely by FEMA, and one of the reasons is to lessen hazards, aims to save money, eliminate homes in risky areas to prevent future damage, and cuts off the stream of flood insurance claims for the property.