A new NPR investigation found the US Department of Housing and Urban Development (HUD) sold flood-prone homes at nearly 75 times the rate of all homes sold nationwide between 2017 and 2020. There is no federal regulation requiring HUD to disclose to buyers that the homes are in federally designated flood zones, so most buyers find out late into the homebuying process, when it is too late for them to back out of the purchase. “It only bolsters the reality that a lot of homes that have provided shelter to low-income households are in areas of greater risk. These homes are in really vulnerable areas, and it puts households at risk,” said Laurie Schoeman, the resilience director for the national housing nonprofit Enterprise Community Partners.
Published by Oklahoma Coalition for Affordable Housing
The vision of OCAH: That all Oklahomans have the opportunity to live in safe, healthy and affordable homes. Our Mission: To lead the movement to ensure that all residents of the state of Oklahoma flourish in safe, affordable homes and to help communities develop safe and affordable housing options for all of their residents. We reach our mission through advocacy, education and practical training to foster the production and maintenance of affordable housing throughout the state. View all posts by Oklahoma Coalition for Affordable Housing