This option appears in resilience plans from around the country.
| Option from plan | Hazards Sort descending | Assets | Region | Source Plan |
|---|---|---|---|---|
| Develop an ongoing buyouts program that would re-purpose properties at high-risk of sea level rise impacts. Use the land to support water management, drainage and absorption. | Erosion and Shoreline RecessionFlooding – Coastal | Property | National | HUD Community Resilience Toolkit (p. 11) |
| Identify funding tools outside of FEMA programs to buy out flood-prone properties. | Flooding – CoastalFlooding – General | Multiple or All AssetsProperty | Southeast | Triangle Region, NC Regional Resilience Assessment (p. 201 (pdf p. 213)) |
| Minimize low-income housing in the floodplain. Provide financial assistance for low-income families to move out of the floodplain. | Flooding – CoastalFlooding – GeneralFlooding – Rainfall-induced | Property | Southeast | Planning for Climate Resilience—City of Asheville, North Carolina (p. 116) |
| Counter lag times in FEMA buyout programs by creating a local voluntary buyout program. Such a program could be funded with stormwater fees based on a property's amount of impervious surface. | Flooding – GeneralFlooding – Rainfall-induced | Property | Southeast | |
| Develop a buyouts program to acquire residential properties and local businesses that experience repetitive flood losses. | Flooding – General | Property | National | HUD Community Resilience Toolkit (p. 15) |
| Purchase other properties vulnerable to future flooding (not repetitive loss parcels) and prioritize which ones to repurpose. | Flooding – GeneralFlooding – Rainfall-induced | Property | Southeast | West Palm Beach, FL - Rethink Paradise: Sustainability Action Plan |
| Develop a program to buy out repetitive loss and high-risk properties. | Flooding – GeneralFlooding – Rainfall-induced | Property | Southeast | Planning for Climate Resilience—City of Asheville, North Carolina (p. 117) |
| The Home Buyout Program was initiated after the historic flood of May 2010 to purchase homes destroyed by the flood, help displaced residents, and convert lots in the floodplain to open space. After purchasing | Flooding – General | Property | Southeast |
