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Cuomo proposes to buy Sandy-damaged homes at pre-Sandy prices

Posted: 10:45 PM, Feb 04, 2013
Updated: 2013-02-04 22:54:25-05

New Dorp Beach in Staten Island remains a part of the city visibly still recovering from Superstorm Sandy – even so, some residents are reacting with hesitation to Gov. Andrew Cuomo’s latest proposal to buy damaged houses at their pre-storm value.

Should it receive a green light, it would allow the governor to spend up to $400 million to buy homes in areas most vulnerable to flooding.  There is, however, a cap to the offer — and it is not for expensive waterfront properties.

The flood plain property would not be redeveloped, but rather it would be turned into a public park or sand dunes to act as barriers for coastal communities

For some, however, the proposal misses the point.  “I’ve been here 42 years, I’m not going anywhere,” said Debbie Ingenito.

Ingenito says she is staying put — even if another similar storm should strike.  “There’s no place like home, that’s where we want to be.”

New Dorp House

New Dorp Beach in Staten Island remains a part of the city visibly still recovering from Superstorm Sandy – but some residents are reacting with hesitation to Gov. Andrew Cuomo’s latest proposal to buy damaged houses at their pre-storm value.

Some residents, however, are considering a possible move, their interest piqued by money they thought they would never see for their damaged homes.

Stephan Drimalas is finally moving back in to his home this Saturday, and while he says he doesn’t want to sell, the governor’s program sounds like a tempting offer.

“If they offer the right price (then) money talks.”

The proposal, presented to federal officials Friday, is still in need of federal approval before it becomes a real option for Sandy victims.  Money to fund it would be taken from the $51 billion relief package finally approved by Congress last week.