Metro Buys First 7 Homes In Flood Buyout Program - WSMV Channel 4

Metro Buys First 7 Homes In Flood Buyout Program

Updated: Dec. 31, 2010
NASHVILLE, TN (WSMV) -

Metro has officially purchased the first seven homes under the flood buyout program.

 

Some, like Terry Woodall, said selling damaged property was easy, while others, like Doris Waddey, said they never once thought about selling.

 

"I feel good. I got my money," said Woodall.

 

He sold two of his rental houses on Delray Avenue to the city. He received $97,000 for one and $79,000 for the second, smaller house.

 

"The appraisals came back a little bit different, but all in all it was a fair price," Woodall said.

 

Woodall, who is a contractor and real estate investor, said the decision to sell was easy.

 

"No money versus money," he said.

 

Woodall has bought three homes in the Delray area since the flood and helped others, like the DeLoach family, remodel and move back in.

 

Metro Councilman Buddy Baker said when all is said and done, his district could lose about 80 houses in the buyout.

 

"They are in the process of buying the rest of the Delray side here, the creekside and also on Hite Street," said Baker.

 

On Delray Court, every single one of the homes that backs up to Richland Creek was offered a buyout from the city, but for Waddey, she just couldn't even think about leaving.

 

"I thought, 'I can't lose anything else. I just can't. I've got to stay at home,'" she said.

 

Home as Waddey knew it was most important after losing her husband of 48 years.

 

"I still sit in that swing out in the back yard and talk to him. I do. I do. There's just too many memories here of him," Waddey said.

 

Waddey is only one of two people left on her street, but despite the houses that will soon be demolished around her, this neighborhood is now just one step closer to recovery.

 

"I hope that's a once-in-a-lifetime thing and we never see it again," said Baker.

 

Waddey said that before she could rebuild in the floodway, she had to prove that she could rebuild for 50 percent less than the current value of her house.

 

As for the city's next step, its also in the process of buying dozens more homes in west Nashville, Bordeaux and Bellevue. The buyout the process is moving more quickly in Nashville than it has in other cities.

 

The federal government will pay 75 percent of the cost, with the state and city splitting the remainder.

 

Brentwood, Goodlettsville, Hendersonville and Clarksville, as well as Smith County, also have applied for buyout money.

 

Cities and counties have until late March to apply.

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