DED approves $43,217 to buyout property in Mosby damaged by flooding and severe weather in May

August 19, 2016

JEFFERSON CITY— The Missouri Department of Economic Development today announced that $43,217 dollars through the Community Development Block Grant (CDBG) program will go towards buying flood-damaged property from owners in Mosby that were affected by severe weather in May of 2015.

Last May, Mosby was hit by a storm that caused heavy rains, high winds, flooding and at least four tornadoes, forcing residents to evacuate the City. Many homes were ruined by flooding after Fishing River crested and overran its banks. At that time, Gov. Jay Nixon joined local officials to survey damage from the storms and has since requested federal assistance to buyout homes in the flood area.

The CDBG award will cover 25 percent of the flood buyout while FEMA’s Hazard Mitigation Grant Program will fund 75 percent of eligible costs. 

Once flood damaged properties are appraised at pre-flood value, the City of Mosby will acquire the property from owners and begin demolishing the structures. Those interested in learning more about the flood buyout program should contact the City of Mosby.

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