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HUD Sells Flood-Prone Houses To Often Unsuspecting Buyers : NPR

- by Sergio Torian

Homes that were sold by the Department of Housing and Urban Development between January 2017 and August 2020 are in federally designated flood zones at almost 75 times the rate of all homes sold nationwide in that period. New Jersey is one hot spot. Here, flooding from Tropical Storm Henri in Helmetta, N.J., this August.

Tayfun Coskun/Anadolu Agency via Getty Images


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Tayfun Coskun/Anadolu Agency via Getty Images

Homes that were sold by the Department of Housing and Urban Development between January 2017 and August 2020 are in federally designated flood zones at almost 75 times the rate of all homes sold nationwide in that period. New Jersey is one hot spot. Here, flooding from Tropical Storm Henri in Helmetta, N.J., this August.

Tayfun Coskun/Anadolu Agency via Getty Images

The first thing Larry McCanney fell in love with was the tree in the front yard. It cast shade on the porch of a house that, if he were honest, needed some work. But McCanney is handy, the price was right and the location was perfect, just a couple of miles from his childhood home in Burlington, N.J.

“We just kind of wanted to get our family started, and it was affordable for us,” McCanney says. “I’m still paying college loans off 11 years later, [and] we wanted to ensure that we were purchasing a place that, should I lose my job or if [my wife] lost her job, we wouldn’t be out of a house in two

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Home Store

LaDiff designs new retail outlet just after Shockoe sophisticated sells to developer for $10M

- by Sergio Torian

LaDiff’s structures on 14th Street bought for $10 million. (BizSense file images)

With its longtime house now in the palms of a developer, Richmond home furniture retailer LaDiff is crafting its upcoming methods, such as a new shop location.

Locally-dependent SNP Attributes closed on the invest in of the LaDiff-anchored complex at 117-125 S. 14th St. on Wednesday for $10.5 million. LaDiff co-proprietor Sarah Paxton verified the offer.

Paxton mentioned the offer does not signify the 23-12 months-old retailer is going out of small business and that they’ve acquired ideas for a new property, aspects of which they hope to announce quickly.

Paxton owns the LaDiff with husband Andy Thornton. She said it was bittersweet to market the making that they’ve owned and operated LaDiff out of for two many years.

“The timing was proper for us, individually, and there is one thing that we’re scheduling,” Paxton explained. “We’re not completely ready to launch all the information but but we can assure people today that LaDiff is not heading absent.”

LaDiff will carry on operating in its present-day area until eventually March 2022. Paxton stated all she can say about the business’ upcoming household is that it will be inside the metropolis limits.

The 112,000-sq.-foot assemblage of structures strike the industry in the spring and was immediately set under deal by SNP, whose other local holdings include The Summit in Scott’s Addition and The Penny in Jackson Ward.

LaDiff’s property spans 1.3 acres in Shockoe Slip.

SNP co-founder

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