Monroe County issued the following announcement on Oct. 26.
The State of Florida has allocated $15 million to Monroe County through the Community Development Block Grant-Disaster Recovery (CDBG-DR) Voluntary Home Buyout
Program. The voluntary program was created to encourage risk reduction through the purchase of residential property in high flood-risk areas impacted by Hurricane Irma. Property
owners who wish to sell their homes are encouraged to participate, especially if they were damaged by Hurricane Irma and are still in need of repair. The registration period is open
until November 19, 2021.
Priority properties are in low- and moderate-income areas and eligibility requirements must be met to apply. Once acquired, any existing structures will be demolished and the
property will be used for permanent open space, passive recreation, or to restore natural floodplain functions indefinitely. Property owners who qualify for the program will receive
market value for their property.
Interested parties should fill out the Monroe County Voluntary Home Buyout Sign Up Form at www.monroecounty-fl.gov/homebuyout. For more information about the program,
contact Cynthia Guerra at 305-453-8756 or email buyouts@monroecounty-fl.gov.
Original source can be found here.
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