FRANKFORT, Ky. (WBKO) - Team Kentucky is allocating over $118.2 million to six counties to purchase properties from willing and voluntary Kentuckians in flood-prone areas.
“Nobody should have to stay in a flood-prone area simply because it’s too expensive to move,” said Gov. Andy Beshear in a release. “These buyouts will put money in the pockets of Kentuckians, keep our people safe, and help our counties save money in the process. When our people go through tough times, we’ll be there to show them love and support them as they build.”
Local officials estimate that these funds will benefit over 600 homeowners, ultimately helping them relocate to safer residences outside the floodplain.
Counties that are receiving funds are:
Floyd
Knott
Letcher
McLean
Perry
Pike
Of the $118.2 milli