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Buyout Program

NOTICE: Goldsboro Buyout Information Session Canceled

In accordance with COVID-19 guidance issued by the N.C. Department of Health and Human Services, ReBuild NC's March 17 Buyout Information Session planned for Goldsboro has been canceled. Information on future information sessions will be posted as soon as it becomes available.

About the Buyout Program

The ReBuild NC Buyout Program purchases properties that are prone to repeated flooding from hurricanes and other rain events. Properties purchased from voluntarily participating property owners by the ReBuild NC Buyout Program will be demolished and cleared, and permanently maintained as green spaces. The ReBuild NC Buyout Program has collaborated with local government officials to identify high-risk areas, referred to as Buyout Zones or Disaster Risk Reduction Areas (DRRA), in certain Hurricane Matthew counties that are at greatest risk of damage from future flood and hurricane events. Additional funds for mitigation or recovery from other hurricanes may become available in the future.

The Buyout Award will be based on the pre-storm fair market value of an applicant’s property minus any duplication of benefits. Additional incentives are available to eligible applicants who relocate to an area of lesser flood risk within their county or another area within North Carolina. Property owners who apply to the program will be assigned an intake specialist and case manager to answer questions and provide guidance through every step of the process.

English:

Buyout Program Factsheet

Buyout Process Step-by-Step

Buyout Required Documents Checklist 

Buyout Program Frequently Asked Questions

Espanol:

Resumen Del Programa De Compra Total 

Proceso De Compra Paso A Paso

Lista De Cerificación De Los Documentos Requeridos

Preguntas Frecuentes

 

Buyout Zones