Pitt Co. receiving buyout fund for 11 properties
By Ginger Livingston
The Daily Reflector
Tuesday, June 19, 2018
Twenty months after Hurricane Matthew damaged about 250 Pitt County structures, money now is available to buy out 11 properties.
North Carolina Emergency Management plans to release $8.5 million in federal and state money to acquire, elevate or rebuild 64 homes damaged by Hurricane Matthew and its subsequent flooding in October 2016, according to a news release.
Once the grant agreement is finalized Pitt County will receive $1,044,262 to acquire 11 properties, eight which are located in Grifton, two on Stokes Road and on on Old River Road, said Mark Nottingham, Pitt County floodplain administrator.
Buyout applications for property located within Greenville’s city limits are pending, an emergency management spokesman said.
The property owners will be formally notified once the grant agreement is signed, which should be completed in two weeks, Nottingham said.
Once the agreement is signed, officials and emergency management officials will meet to discuss program requirements, he said.
Officials will hire surveyors and appraisers to review the properties and produce a buyout figure that will be presented to the property owners. They will have the option to accept, seek a third-party appraisal or reject the bid.
“It will still be weeks or months before we actually close on the (properties),” Nottingham said.
Greene County also received nearly $1.8 million to elevate five homes and to acquire seven properties.
Other communities receiving part of the $8.5 million in buyout funding include Columbus, Cumberland, Dare, Duplin, Johnston, Jones, Moore, Pasquotank and Pender counties and the municipalities of Edenton, Washington and Wilson.
Earlier this spring, $13.4 million was awarded to assist 87 homeowners in Camden, Columbus, Edgecombe, Halifax, Nash and Robeson counties and the cities of Fayetteville and Tarboro.