Metro Plans 41 More Flood-Damaged House Buyouts - WSMV Channel 4

Metro Plans 41 More Flood-Damaged House Buyouts

Updated: Feb. 4, 2011
NASHVILLE, TN (WSMV) -

Metro government is asking for federal funds to purchase and tear down 41 additional houses that were damaged in the May flood.

 

It's the second phase of a buyout program that began last year and will eventually include more than 300 homes. The first phase of the program included 81 homes. Metro has closed on 10 of those homes and is now beginning the process of having them demolished.

 

One of the 41 homes in phase two of the buyout belongs to Mary Pennington. She said she was considering selling her house on West Hamilton Avenue until she found out Metro was only offering $104,000.

 

"That's about what I owe on my mortgage," Pennington said. "That's not enough for me to start over," she said.

 

Metro's Water and Sewer spokeswoman Sonia Harvat said the offers are based on the condition of the homes prior to the flood.

 

"The appraisals are done on the fair market value before the flood. We have an independent appraiser come out and appraise the home as if it had never been flooded," Harvat said.

 

Phase two of the buyout includes 25 homes in North Nashville, including homes on West Hamilton Road, Mallard Drive, Flicker Drive, Crouch Drive and Buena Vista Pike. There are 16 houses in West Nashville, including homes on Trice Drive, 57th Ave. North, Del Ray Court and Hite Street.

 

Harvat said so far, about 50 homeowners from the original buyout list of 300 have told the city they're not interested in selling.

 

For more information about Metro's flood recovery program, go to www.nashville.gov.

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