"Home buyouts" refers to a process where a person or organization purchases a property or home from its current owner, usually for a specific purpose such as urban development, infrastructure, or disaster recovery. Full definition
It took less than an hour — the structure was the second Hurricane Sandy - damaged house to be demolished on Staten Island under Gov. Andrew Cuomo's Recreate New York Smart Home Buyout Program, which Cuomo announced here last year. (foxbeach165.com)
Staten Island Borough President James Molinaro says his office has received 400 inquiries about home buyouts but is unsure how the programs offered by the city and state will help. (foxbeach165.com)
Preliminary plans call for spending $ 500 million on a limited number of mainland and Fire Island home buyouts, and raising vulnerable roads and homes on the South Shore. (newsday.com)