SMC Voluntary Floodplain Buyout Program

How it works

The Stormwater Management Commission (SMC) says its voluntary floodplain buyout program buys and removes flood-prone structures so they will not be damaged by future floods. The page says the program is one of SMC’s mitigation tools and that it relies heavily on federal funds leveraged with local cost-share funds.

What the money covers

• Purchase of flood-prone homes and parcels
• Removal of the structure after purchase

The page describes this as a buyout program, not a repair or retrofit grant.

Amounts and matching

• The page does not state a standard dollar amount paid to homeowners.
• It says the program is heavily reliant on federal funds and local cost-share funds.

How to apply

• Homeowners who want to be considered should review the program documents, fill out the survey, cost questionnaire, and statement of interest, and send them to the named SMC contact.
• SMC maintains a list of properties that are candidates for buyouts when funds become available.

Timing and deadlines

• The page does not state a deadline or current round status.
• It indicates properties are considered when funds become available.