Program Overview
The Strategic Buyout Program 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. Properties within these zones were purchased by the Strategic Buyout Program. They were then demolished, cleared, and permanently maintained as green space by the local government.
Homeowner Spotlight
Learn how the Strategic Buyout Program helped the Best family sell their at-risk home and move to a safer location.
Read More
Helping Families Move Forward
After Hurricanes Matthew and Florence flooded Paul McMillan’s childhood home, he knew he needed to relocate. Find out how NCORR's Strategic Buyout Program helped Mr. McMillan sell his flood-prone home and move to a safer location.
Learn MoreBuyout Zones
NCORR and local government partners identified buyout zones within counties determined to be “Most Impacted and Distressed” (MID). HUD and the state determine these MID counties. Click on a county to view the buyout zones.
Eligibility
The applicant and/or co-applicant:
- Must be able to prove their identity by providing the program with current and valid government photo identification, such as a driver’s license
- Must be or one of the current legal owner(s) of the property
- Must be able to have clean, insurable, and merchantable title (or a viable method including timeframe for clearing nuisance liens) and have authority to sell (if applicable)
- Must be able to retire all property debts at or before closing
- Must provide proof that at least one household member (applicant, co-applicant, or their minor child/ward) is a US citizen, non-citizen national, or qualified alien
The property:
- Must be in a designated buyout zone
- Must meet federal environmental review requirements
- Be an eligible property type.
- Phase I – Residential properties owned at the time of the storm, such as owner-occupied homes, rental properties and second homes
Phase II – Non-residential, vacant lots, and properties purchased after the storm
Resources
Español:
- Proceso de 8 Pasos
- Procedimientos de Retiro
- Manual del Programa de Compra Total Estratégica
- Sus Derechos a Equidad de Vivienda
- Política de Apelaciones
- Procedimiento de Apelaciones
- Formulario de Solicitud de Retiro Voluntario
- Verificacion de la Condicion de Ciudadano
- Hoja de Datos Sobre el Riesgo de Inundaciones
- Proteja a su Familia Contra el Plomo en el Hogar