City council approves funds to purchase flood homes

SIOUX FALLS, S.D. (KSFY) - The Sioux Falls City Council has approved $1 million to go toward purchasing flooded homes in Sioux Falls.

The proposal was approved unanimously during the special meeting on April 23. The properties are located near Tomar Park.

The money comes from a tax surplus in the 20-19 budget. T.J. Nelson with the city of Sioux Falls says the homes will be appraised independently and at their pre-flood value.

"And FEMA's guidelines do go by the pre-event fair market value and they also discount any insurance payouts from the FEMA funds that would have been paid to that person, so that you're not double-dipping into those FEMA dollars," Nelson said.

The program the city is proposing is voluntary for the homeowners.