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NY Gov. Proposes Buying Back Sandy Damaged Homes
New Dorp Beach in Staten Island remains a part of the city visibly still recovering from Superstorm Sandy – even so, some residents are reacting with hesitation to Gov. Andrew Cuomo’s latest proposal to buy damaged houses at their pre-storm value.
Should it receive a green light, it would allow the governor to spend up to $400 million to buy homes in areas most vulnerable to flooding. There is, however, a cap to the offer — and it is not for expensive waterfront properties.
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