Last year, nearly 30 percent of new homes in the U.S. had partial or full basements, according to the Census Bureau’s Survey of Construction.
FEMA subsidies used to raise homes in flood zones
Federal aid is being used to give homes in flood hazard zones a lift.
Federal aid is being used to give homes in flood hazard zones a lift. The Federal Emergency Management Agency’s Hazard Mitigation Grant Program has given coastal Gloucester County, Va., $11.8 million to raise 60 homes; 59 other homes and businesses are in the pipeline for similar aid. The county also offers residents an outright buyout, but only 17 families and one business have gone that route.