Returning developed floodplains to open space alleviates pressure on a watershed to accommodate restricted water flow, and removes people from harm’s way.
Owners of buildings that are damaged by flooding may want relief in the form of a buyout, and communities may want to avoid recurring rescue and clean up costs. FEMA’s buyout program can offer some relief, but it is important to understand both the process and the long-term effects.
This session outlines the involvement of both owners and communities in achieving buyouts: How the application begins; the appraisal and surveying work involved; the benefits/cost analysis; restrictive clauses placed in deeds of properties bought; effects on community future planning and development. Also covered are the obstacles to buyouts, whether raised by reluctant owners or uninformed or unprepared communities.
Upon completion of this course, the participant should expect to be able to:
• Recognize the importance of community hazard mitigation planning
• Describe the procedure for floodplain acquisitions
• Understand the impact of buyouts on community planning and development
