Cuomo Looking to Buy Sandy-Damaged Homes: Report

Gov. Andrew Cuomo is working on a plan to buy Sandy-damaged homes on New York's coastline, according to a report in The New York Times.

The plan, which could cost as much as $400 million, is designed to prevent future public and private losses by creating a buffer in flood-prone coastal areas. 

Homes that have been damaged by the storms in coastal areas would be purchased and demolished. The land would then be owned by the state, which would prevent any future development. 

Since Hurricane Sandy, Cuomo has urged others in goverment to face up to the liklihood of frequent, powerful storms as a result of climate change.

The plan would require approval from the Department of Housing and Urban Development, the Times said. 

For more information, check out the story at nytimes.com.