08-01-2020, 02:33 PM
The feds are just providing the funds, the county will run it and the properties will be managed as open space.
The Buyout Program will acquire residential properties impacted by the 2018 Kīlauea eruption. Properties will be acquired through voluntary sale. Eligible properties include those that were inundated or isolated by lava, suffered physical damage (including from fires and wildfires caused by lava), or have been physically impacted by secondary effects, including heat and gases at their property. Buyout offers are based on the pre-disaster (2017) appraised market value of the property minus any duplication of benefits. Acquired properties would be managed as open space.
Maximum buyout offer: $230,000.
Those who were insured for $230,000 or more will still own their land.
The Buyout Program will acquire residential properties impacted by the 2018 Kīlauea eruption. Properties will be acquired through voluntary sale. Eligible properties include those that were inundated or isolated by lava, suffered physical damage (including from fires and wildfires caused by lava), or have been physically impacted by secondary effects, including heat and gases at their property. Buyout offers are based on the pre-disaster (2017) appraised market value of the property minus any duplication of benefits. Acquired properties would be managed as open space.
Maximum buyout offer: $230,000.
Those who were insured for $230,000 or more will still own their land.