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North Sioux City spent $4M to buy 16 flood-damaged homes to improve safety and stability.
North Sioux City, South Dakota, spent nearly $4 million from its general budget to buy 16 flood-damaged homes in 2024, offering residents the highest of three valuation methods.
The city acted quickly after a major flood, bypassing delayed federal disaster funds to support affected homeowners and improve long-term community safety.
Most owners accepted the offers, with a few declining.
The purchases aim to stabilize land, prevent erosion, and support future reconstruction.
A right of first refusal allows original owners to repurchase their lots within 20 years.
Meanwhile, Iowa awarded $490,000 in grants to 16 communities for local development projects.
North Sioux City gastó $4 millones para comprar 16 viviendas dañadas por las inundaciones para mejorar la seguridad y la estabilidad.