In order to increase resiliency to future flood events, Boulder County has been participating in a federally-funded home “buyout” program. Homes that suffered damage during the 2013 Flood, or homes at risk for future flood damage, are eligible for buyout consideration. The purchase of these properties provides homeowners with funds to relocate to safer locations.
The deadline for accepting applications for the home buyout program is July 22.
The program is entirely voluntary for interested homeowners. Funds are limited, and completing an application does not guarantee that funds will be available. Purchase prices are determined by independent, state-certified real estate appraisers. Properties must be located in a floodway, the 100-year floodplain, or a designated high-hazard area. After purchase, Boulder County is required to remove all structures and improvements, and the properties must remain in their natural state in perpetuity.
Funding for new applicants depends on the applicant’s eligibility, and availability of funds.
To obtain an application or to ask questions, contact Greg Jackson, 303-441-4837 or gjackson@bouldercounty.org
Photo credit: U.S. Air National Guard/Handout via Reuters