ATLANTA – The Federal Emergency Management Agency (FEMA) has awarded a $2,184,396 grant to the Commonwealth of Kentucky to fund the acquisition and demolition of 27 properties in the Catheen Way neighborhood in Louisville to permanently eliminate repetitive property loss from flooding. The existing structures will be demolished and the land will be deed restricted and returned to open space. Long term maintenance of the land will be the responsibility of the Louisville Metropolitan Sewer District.
This $2.1 million grant supplements an earlier $2.3 million awarded in 2015, which funded at least 75 percent of the cost of acquisition and demolition of 43 Belquin properties. Combined, more than $4.5 million is approved for acquisition and demolition of 70 properties in the area.
Acquisitions are funded through FEMA’s Hazard Mitigation Assistance program and help communities purchase flood-prone properties and remove the buildings. Demolishing or moving a structure out of a high risk flood area is often the best solution for a property owner whose house has suffered substantial damage.
FEMA provided funding for this project directly to the Commonwealth of Kentucky. The funds are managed by the commonwealth. Following the commonwealth's review process and upon receipt of appropriate documentation, the Commonwealth may distribute the funds.
A National Institute of Building Sciences study recently found $6 in future disaster costs is saved for every $1 spent through mitigation grants.
The funding was provided as a result of a federal disaster declaration from severe storms, flooding, mudslides, and tornadoes May 1 through June 1, 2010. Across Kentucky, 83 counties were designated under the declaration due to the extent of damage.
Visit www.fema.gov for additional information about FEMA’s Hazard Mitigation Grant Program.
FEMA’s Mission: Helping people before, during, and after disasters.