No. Household income documentation is required for federal reporting purposes.
Yes. NYS retains a qualified, licensed appraiser and contacts each property owner regarding the schedule for appraisal work in the vicinity. The appraiser may contact you directly if access to the property is required.
The Program pays the cost for the initial independent appraisal. If you believe the appraised value is too low, you can retain another appraiser at your own expense to perform a second appraisal of the FMV. NYS will not reimburse your appraisal expense.
Inform your Case Manager. An appeal process is available to help you resolve your concern.
The Program requires that the purchase price be based on an independent appraisal, and the appraised value and assessed value are often different.
All compensation for the Program will be provided on the day of the closing. However, the 5% Relocation Incentive is mailed to the homeowner once the homeowner shows proof of relocation within the county of their storm damaged property.
The NYS government entity that buys the property maintains the property.
You may be permitted, on request, to remove items such as appliances that do not affect the appraised FMV.
No. When the closing ends, you no longer have access to the property.
Buyouts are prioritized with consideration of factors including the following: damage to the neighborhood and community, how quickly a group of projects can be streamlined and processed, hazards to safety, environmental conditions, and other factors.
If you have an abstract, you should furnish it to your Case Manager when you accept and sign the Offer. Abstracts are not essential in most cases, but may facilitate the title search performed on your property.
Buyouts occur only where a clear title can be provided. You need to contact your lender to discuss the mortgage. There may be a city or county mortgage mediation or negotiation program that can advise or assist you.
: The NYS government entity that buys the property is responsible for structural demolition and the cost of demolition hauling and proper disposal of the demolition debris.
You must contact your bankruptcy attorney regarding the impact of bankruptcy proceedings on your participation in the Program.
The Program prohibits new construction in designated areas. In some cases, reconstruction permits might issue. NYS adds restrictive covenants to the deeds of most acquired properties located in the 100-year floodplain to prevent future development, and to support passive and active recreational uses. Community planning efforts ensure that all members of the community contribute to re-use plans to determine the best use of acquired properties.
: Housing units that are in standard condition, have no critical or major structural defects, have adequate plumbing facilities and their appearance does not create a blighting influence. This condition requires no more than observable, normal maintenance; dwelling units which have no deficiencies, or only slight observable deficiencies.
No. Federal funding pays for the demolition of the structures participating in the Program.
Yes. By law, HUD Community Development Block Grant (CDBG) and FEMA Hazard Mitigation Grant Program (HMGP) dollars cannot duplicate funds received from other sources, such as FEMA repair assistance, flood insurance benefits or property acquisition funds. That is DOB verification. NYS completes DOB verification before the Owner and NYS agree to the property sale.
No. This is a Program. Both the FEMA HMGP and the HUD CDBG prohibit NYS from using eminent domain (condemnation) to purchase properties.
NYS contracted with firms that specialize in property buyouts and land transactions because the large number of participants in the Program requires additional Case Managers to proceed with property Buyouts in a timely manner. The selected firms have demonstrated high quality customer service in similar projects.
Yes. All property owners are obligated to pay taxes and keep their property in compliance with local codes and ordinances until the property sale closes and ownership changes hands. This is true for all storm-affected properties in the Program.
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