Skip to content
NOWCAST WDSU News at 10pm Sunday
Watch on Demand
Advertisement

Avery Estates residents speak out after receiving Buyout Program offer letters

Avery Estates residents speak out after receiving Buyout Program offer letters; St. Tammany Parish moves forward with program

Avery Estates residents speak out after receiving Buyout Program offer letters

Avery Estates residents speak out after receiving Buyout Program offer letters; St. Tammany Parish moves forward with program

ALL RIGHT MARGARET, THANK YOU. RESIDENTS WHO LIVE IN A SUBDIVISION IN SLIDELL PRONE TO FLOODING JUST RECEIVED OFFER LETTERS FOR THEIR HOME. IT’S ALL PART OF A BUYOUT PROGRAM BEING OFFERED STATEWIDE. WDSU REPORTER ARIELLE BRUMFIELD LIVE IN SAINT TAMMANY PARISH TO EXPLAIN WHY SOME PEOPLE LIVING IN AVERY ESTATES SAY THEY AMOUNT OFFERED IS TOO LOW. ARIELLE. WELL, YOU GUYS, THERE ARE 75 HOMES THAT CAN PARTICIPATE IN THIS BUYOUT PROGRAM. AND I’M TOLD ALL OF AVERY ESTATES IS ELIGIBLE. BUT LIKE YOU SAID, SOME PEOPLE ARE UPSET THAT THESE BUYOUT OFFER LETTERS COME IN WITH A LOWER PRICE THAN EXPECTED. WHERE CAN I GO BUY 18 ACRES, TWO STORAGE SHEDS, THREE PONDS AND A 2000 SQUARE FOOT HOUSE FOR $160,000. ALVIN YATES HAS LIVED IN HIS AVERY ESTATES HOME SINCE 1964. HE TELLS ME HE FEELS SHORTCHANGED AFTER RECEIVING THIS OFFER LETTER IN THE MAIL FROM SAINT TAMMANY PARISH OFFICIALS WHO OFFERED TO PURCHASE HIS HOME FOR A LITTLE OVER $160,000. IT’S SO SENSELESS HOW THEY WROTE THESE LETTERS OUT WITH THE GOVERNMENT, EITHER THE PARISH OR THE STATE OR THE FEDERAL GOVERNMENT. WHY AREN’T THEY GIVING US THE MONEY? THAT’S FAIR. THE STATEWIDE BUYOUT PROGRAM PROVIDES LOUISIANA RESIDENTS WITH $87 MILLION. HOWEVER, $10 MILLION WAS ALLOCATED TO SAINT TAMMANY PARISH. THE PARISH LEADERS CHOSE AVERY ESTATES RESIDENTS AS THE RECIPIENT. AN AREA WITH A LONG TRACK RECORD OF FLOODING. PARISH OFFICIALS TELL ME THE BUYOUT PROGRAM IS A STATE PROGRAM WITH FEDERAL FUNDING. HOWEVER, THEY CAN’T PAY MORE THAN FAIR MARKET VALUE, BUT RESIDENTS ARE ABLE TO GET THEIR OWN APPRAISAL. WE’RE TOLD PARISH LEADERS DID NOT DECIDE THE GUIDELINES ON THE $250,000 CAP PER HOME, BUT THE GOAL IS TO BUY OUT AS MANY HOMES IN THE AREA. WHY WOULD YOU GET THE SAME PEOPLE WITH THE TRAILERS AND SMALL PROPERTIES AS THE PEOPLE WITH LARGE PROPERTIES AND CONSTRUCTION OF A HOUSE? THERE ARE 75 HOMES IN SAINT TAMMANY PARISH TO BE PART OF THE BUYOUT PROGRAM, AND SO FAR WE’RE TOLD ONLY FIVE HOMES WERE APPRAISED HIGHER THAN THAT. $250,000 CAP. I WOULD LIKE TO SEE THEM GET OFF THIS CAP THING AND FIGURE OUT HOW MUCH IMPROVEMENTS Y’ALL. YOU KNOW, PEOPLE HAVE PUT ON THEIR PROPERTY. RESIDENTS WHO RECEIVED OFFER LETTERS HAVE 30 DAYS FROM THE DATE TO RESPOND. YATES SAYS HIS OFFER ISN’T WORTH THE RESPONSE. I GUESS WE’LL FLOOD AND THEY WON’T COME BACK HERE TO SAVE US AND WE COULD DIE BACK HERE. AND RIGHT NOW, PARISH LEADERS SAY IT’S UP TO THE STATE ON WHETHER THERE WILL BE AN APPEALS PROCESS FOR THE HOMES THAT HAVE BEEN APPRAISED HIGHER THAN THAT $250,000 CAP. BUT RIGHT NOW, WE’RE TOLD THAT GUIDELINE IS SET IN STONE. REPORTING HERE IN AVERY ESTATES, I’M ARIELL
Advertisement
Avery Estates residents speak out after receiving Buyout Program offer letters

Avery Estates residents speak out after receiving Buyout Program offer letters; St. Tammany Parish moves forward with program

St. Tammany Parish is moving forward with a Buyout Program for some residents prone to severe flooding.Some people living in Avery Estates say they received offer letters from the parish to purchase their homes, but feel the amount offered is low.The Buyout Program is a federal program being offered statewide for $87 million, developed by the Louisiana Office of Community Development. Last year St. Tammany Parish was awarded $10 million from that pot, but the program places a cap on the amount of money a home can receive. The parish had the homes in Avery Estates appraised and sent out offer letters last week.Unfortunately the appraisal amount is capped at $250,000 per home, even with other incentive offers.The program is a voluntary program, with the goal of buying out as many as 75 homes: 68 in Avery Estates, five in Covington and one in Slidell. Alvin Yates, who lived in his home since 1964, says he is upset after receiving an offer letter that values his home just over $160,000."Where can I go buy 18 acres, two storages shed, three ponds and a 2,000-square-foot house for $160,000? Yates asked. "It’s so senseless how they put these letters out."Parish officials say the buyout program is a state program with federal funding, and they can't pay more than fair market value, but residents are able to get their own appraisal.So far, there are five homes that were appraised for more than $250,000. "I would like to get off of this cap thing and figure out how much improvement people have put on their property," Yates said. It is unclear at this time, whether the state will allow homeowners who are appraised higher than the cap to appeal. Residents who received an offer letter have 30 days to reply before the offer expires.

St. Tammany Parish is moving forward with a Buyout Program for some residents prone to severe flooding.

Some people living in Avery Estates say they received offer letters from the parish to purchase their homes, but feel the amount offered is low.

Advertisement

The Buyout Program is a federal program being offered statewide for $87 million, developed by the Louisiana Office of Community Development.

Last year St. Tammany Parish was awarded $10 million from that pot, but the program places a cap on the amount of money a home can receive.

The parish had the homes in Avery Estates appraised and sent out offer letters last week.

Unfortunately the appraisal amount is capped at $250,000 per home, even with other incentive offers.

The program is a voluntary program, with the goal of buying out as many as 75 homes: 68 in Avery Estates, five in Covington and one in Slidell.

Alvin Yates, who lived in his home since 1964, says he is upset after receiving an offer letter that values his home just over $160,000.

"Where can I go buy 18 acres, two storages shed, three ponds and a 2,000-square-foot house for $160,000? Yates asked. "It’s so senseless how they put these letters out."

Parish officials say the buyout program is a state program with federal funding, and they can't pay more than fair market value, but residents are able to get their own appraisal.

So far, there are five homes that were appraised for more than $250,000.

"I would like to get off of this cap thing and figure out how much improvement people have put on their property," Yates said.

It is unclear at this time, whether the state will allow homeowners who are appraised higher than the cap to appeal.

Residents who received an offer letter have 30 days to reply before the offer expires.