The Real Deal Miami

FEMA could use foreclosures for storm victims

June 03, 2009 05:31PM

The federal government is looking into putting the state’s hurricane evacuees in foreclosed homes if a major storm hits the state. The plan is meant to keep displaced residents close to their communities and do some good with foreclosed homes. The Federal Emergency Management Agency would probably contact mortgage holders for lists of available homes, assign homes to evacuees, and pay rent to the owners of the houses. The idea could be duplicated around the country if it’s successful in Florida.