HUD Sells Homes In Flood-Prone Areas Without Disclosing To Buyers

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.

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