The Strategic Buyout Program offers eligible property owners located in flood-prone areas the chance to sell their home and relocate to a safer area. The Strategic Buyout Program has worked with local governments to identify areas with the greatest risk of damage from future hurricanes and floods. These areas are known as disaster risk reduction areas or buyout zones. You must own property in one of these areas to be eligible for the Strategic Buyout Program. Applicants will be contacted by the program to confirm that they are located in a buyout zone. Properties purchased by the Strategic Buyout Program will be demolished, cleared, and permanently maintained as green space by the local government.
If you choose to participate in the Strategic Buyout Program, you may be eligible to receive a buyout award based on the current appraised market value of your property. Additionally, primary resident property owners may qualify for an incentive package designed to help you and your family affordably move to a less risky area.
Properties must be located within a buyout zone. NCORR and local government partners identify buyout zones within counties determined to be “Most Impacted and Distressed” (MID). HUD and the state determine these MID counties. NCORR is identifying buyout zones in HUD-determined MID counties as a priority before moving to state MID counties. Click on a county to view the buyout zones.