A program administered by state governments and funded by the Federal Emergency Management Agency (FEMA) which permanently removes inhabited structures from high risk areas in order to restore flood plains and reduce the loss of life and property when flooding occurs. This voluntary program allows individuals covered by flood insurance under the National Flood Insurance Program (NFIP) to sell repeatedly or substantially damaged structures in flood risk areas and relocate to sites outside those areas. The community in which the property is located must agree to accept title to the property and restrict its use to open space recreation, even if title is subsequently transferred by the community.
No programs.