Branson Approves Buying Out Damaged Homes
BRANSON, Mo. (AP) — The Branson Board of Aldermen has voted to proceed with efforts to buy out homes damaged in spring flooding along Lake Taneycomo.
The federal government will pay 75 percent of the damaged homes’ value.
The board voted on Tuesday to apply for a Community Development Block Grant that could help participating homeowners with the other 25 percent of cost. However, the city will be competing with several other communities for those funds.
The Springfield News-Leader reports that eight Branson homes qualify for the buyout program.
Copyright 2011 The Associated Press