Property Acquisition Projects (Buyouts)

Why acquisition/buyout?

FEMA knows that it can be difficult for people to leave a precious home- even a home severely damaged by a disaster. Many communities and people have considered such an action, and they've rebuilt their lives and created new memories in safer places.

Since 1993, participating communities have purchased more than 20,000 properties as to prevent future damages. FEMA encourages all homeowners in affected communities to be sure they get all the information they need about buyouts so they can make the best decision for their families and their communities.

How do buyouts work?

How Buyouts Work
Fair Compensation
Voluntary Participation
The Steps of a Buyout
Costs The Community Will Pay
Duplication of Benefits
Advantages/Disadvantages

For more information, the Property Acquisition Handbook for Local Communities (FEMA 317) is available to assist States and local communities with the acquisition process.

Last Modified: Thursday, 07-Dec-2006 10:23:55 EST