The Federal Emergency Management Agency reportedly is working on a plan to encourage more Houston homeowners to consider buyouts rather than rebuilding after flooding from Harvey.

The Houston Chronicle reports that FEMA official Roy Wright, who runs the National Flood Insurance Program, is working on a plan but details have not been disclosed. KHOU.com also reports that Houston Mayor Sylvester Turner said the city is working with FEMA on buyout possibilities, particularly regarding apartment buildings.

FEMA…

Source: http://feeds.bizjournals.com/industry_21