Hurricane Matthew grants arrive for homeowner buyouts, repairs - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
May 2, 2019 Newswires
Share
Share
Post
Email

Hurricane Matthew grants arrive for homeowner buyouts, repairs

Fayetteville Observer (NC)

May 02-- May 2--Three years ago, the roof of Albert Pearce's home in the Southgate RV Park collapsed during Hurricane Matthew, leaving a gaping hole in his ceiling.

"The wind and the rain were coming in my house probably for about 28 hours," Pearce said. "I moved in with mom for for four months. I'm a grown man. I felt funny living with my mom, so I just went back home and started working on my house."

Over the years, he's continued to work on his house using his own money after his homeowner's insurance failed to cover all the expense.

On Wednesday, he was smiling as he signed papers to receive a $25,000 federal grant check that will reimburse him.

The funds are coming from a federal program designed to help low-to-moderate-income residents repair homes damaged by storms.

Pearce was the first recipient of the Community Development Block Grant Disaster Recovery funds to Fayetteville for Hurricane Matthew damage.

The program also is offering Pearce about $11,000 worth of additional repair work if it's needed.

Pearce is just one of many Fayetteville homeowners affected by Hurricane Matthew flooding who still are seeing relief.

There were 12 homeowners who received state funding for home buyouts from the Hazard Mitigation Grant Program and the remaining qualified homeowners should be paid by mid-May.

"We will be awarding more in the coming weeks," said Cynthia Blot, the economic and community development director for Fayetteville.

A number of people who qualified for funding owned homes in Hollywood Heights, a low-lying area where homes have repeatedly sustained flood damage.

The buyout program is designed to get rid of homes in low-lying areas with flooding. The total appraised property value for the homes is $1.326 million. Homeowners who received funds through the program had to be in the 100-year floodplain to qualify, but were not restricted based on their incomes.

"Those checks were based on pre-hurricane values," Blot said.

The recovery funding awards began Wednesday. Horne LLP is facilitating the local process.

Fayetteville City Council members have been critical of the amount of time it has taken for residents to get the federal funding.

However, the reason for the the grant money delay was that it had to come after all other funding sources were exhausted, such as homeowners insurance and Federal Emergency Management Agency funding, Blot said.

She said people still can apply for grant money.

"The Matthew (recovery programs) are closed," Blot said. "The Florence programs are open. We recommend everybody who is interested -- whether it's a business or a resident -- call 211 or go online and the application is there."

Staff writer John Henderson can be reached at [email protected] or 910-486-3596.

___

(c)2019 The Fayetteville Observer (Fayetteville, N.C.)

Visit The Fayetteville Observer (Fayetteville, N.C.) at www.fayobserver.com

Distributed by Tribune Content Agency, LLC.

Older

Sen. Murphy: Senators Introduce ‘Choose Medicare Act’ to Make Medicare Available to Everyone

Newer

Shaheen Introduces Legislation to Make Medicare Available to Everyone

Advisor News

  • AI, stablecoins and private market expansion may reshape financial services by 2030
  • Cheers to summer, and planning for what comes next
  • Why seniors fear spending their own retirement wealth
  • The McEwen Group Merges with Prairie Wealth Advisors to Form Billion Dollar RIA
  • Guaranteed income streams help preserve assets later in retirement
More Advisor News

Annuity News

  • Prismic Life Announces Completion of Oversubscribed Capital Raise
  • Guaranteed income streams help preserve assets later in retirement
  • MassMutual turns 175, Marking Generations of Delivering on its Commitments
  • ALIRT Insurance Research: U.S. Life Insurance Industry In Transition
  • My Annuity Store Launches a Free AI Annuity Research Assistant Trained on 146 Carrier Brochures and Live Annuity Rates
More Annuity News

Health/Employee Benefits News

  • All about AHCCCS: Navigating Arizona Medicaid’s changing landscape
  • A unique Oregon law allows it to block healthcare deals. The state hasn't used it.
  • UNM faculty union fights 13% health insurance hike
  • STATE HEALTH COVERAGE FOR IMMIGRANTS AND IMPLICATIONS FOR HEALTH COVERAGE AND CARE
  • CHILDREN IN IMMIGRANT FAMILIES: KEY FACTS ON HEALTH COVERAGE AND CARE
More Health/Employee Benefits News

Life Insurance News

  • AI, stablecoins and private market expansion may reshape financial services by 2030
  • Transgender plaintiffs win preliminary victories in three gender-affirming care lawsuits
  • AM Best Upgrades Issuer Credit Rating of Southern Farm Bureau Life Insurance Company
  • Industry Innovator Scores New High-Water Mark: Reliance Matrix Logs 8 Millionth Employee Benefit/Absence Claim
  • $150M+ asset sale payout distributed to Greg Lindberg policyholders
More Life Insurance News

- Presented By -

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Why Blend in When You Can Make a Splash?
Pacific Life’s registered index-linked annuity offers what many love about RILAs—plus more!

Life moves fast. Your BGA should, too.
Stay ahead with Modern Life's AI-powered tech and expert support.

Bring a Real FIA Case. Leave Ready to Close.
A practical working session for agents who want a clearer, repeatable sales process.

Discipline Over Headline Rates
Discover a disciplined strategy built for consistency, transparency, and long-term value.

Press Releases

  • JP Insurance Group Launches Commercial Property & Casualty Division; Appoints Joe Webster as Managing Director
  • Sequent Planning Recognized on USA TODAY’s Best Financial Advisory Firms 2026 List
  • Highland Capital Brokerage Acquires Premier Financial, Inc.
  • ePIC Services Company Joins wealth.com on Featured Panel at PEAK Brokerage Services’ SPARK! Event, Signaling a Shift in How Advisors Deliver Estate and Legacy Planning
  • Hexure Offers Real-Time Case Status Visibility and Enhanced Post-Issue Servicing in FireLight Through Expanded DTCC Partnership
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet