[Polybius]

If they have a mortgage, the agency would pay it off, giving lenders back some, but not all, of their investment. The agency would clean up the property and, working with local interests,...........

This idea makes a lot of sense. Thousands of homes built below sea level in Hurrican Alley were just a multi-billion dollar natural disaster waiting to happen.

............market it to investors for redevelopment.

This is where the idea does an about face back to stupid.

[Uncle Sham]

The low-lying areas that are determined to be uninhabitable will be turned into parks or wetlands. This plan helps make this a certainty.