Flood buyout process continues - KWWL - Eastern Iowa Breaking News, Weather, Closings

Flood buyout process continues

The marathon effort for some Iowa flood victims to rebuild their homes continues at what they say is a snail's pace.

While some flood money has been distributed, many flood-affected homeowners still wait to see if they're eligible for a buyout.

In Black Hawk County alone, just less than 200 homeowners have applied for a buyout.

In Cedar Falls, 122 homes - many in the North Cedar neighborhood and surrounding areas - could be bought out and removed from the flood plain.

In Waterloo, another 40 or so are on the list.

And Black Hawk County just added two more homes to its list to bring the total to 19.

Black Hawk Co. Supervisor Frank Magsamen says, "We'll evaluate our requests here and need to submit a notice of interest to the state for the second round and it's very lengthy paperwork that has to be filed for that."

At a sparsely attended buyout meeting Friday in Waterloo, Magsamen reiterated the county's rules for buyouts.

Home prices would be set at 110% of their assessed value before the floods.

"We wanted to make sure that we provided an opportunity so that we could mitigate these properties so they could be moved out of the flood plain," said Magsamen.

In Cedar Rapids, the City Council finalized a buyout of 1300 properties on its list.

Iowa City says it's beginning to make offers on 40 homes in the Parkview Terrace and Taft Speedway neighborhoods.

All of the buyouts are voluntary.

Online Reporter:  Bob Waters

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