Property Acquistions for Open Space


1 Federal In igation Ad is trat ion min surance and Mit igation Ad min surance and Mit Federal In is trat ion Federal Insurance and Mitigation Administration for Open Space Property Acquisitions orth of Each year, flooding cause llars’ w s millions of do property damage. This a heavy burden for many, creates especially th rs w hose hom es a re flooded e property owne the flood, many property owners maged. A fter and da with the difficult decision of w hether to return t o struggle floo the area t o repair a nd r ebuild. F or s ome, d-prone n an or buy out project may be participating i acquisition the answer. s t he a cquisiti on / bu yout What i program? FEMA’s mitigatio acquisition/buyout n activity helps communities chase flood -prone properties, r emove pur as open maintain the land space. , an buildings the d is once residential area was inc luded in a FEMA buyout after Th mergency the Federal E are funded by Acquisitions flooding destroyed many homes in 1993 (Crystal City, MO). The FEMA) H azard Mitigation Management Agency ( o attests t o the 2001 inundation of t he same area shown in this phot managed are funds rogram, and the HMA) p Assistance ( losses avoided. or a property tate. F owner, w se is s y each hose hou b area and suffere d substantial locate d in high flood risk Who decides w hether my home w ill be d and chase pur their flooded home damages, having demolished or relocated ? flood-prone area demolished, or moved out of the best solution. provides the ecision whether to have s the d ake The property owner m their home demolished or relocated. If a property owner be forced to sell my property or Will I conditions relocate their home, the following wishes to be met: must home? asible to move, he structure must be sound and fe T  rams is p rog No, p articipation in FEMA’s acquisition and property owners are strictly voluntary and not require d to The house must be relocated outside of any flood-  acquisitions : (1) participate. FEMA has two types of prone area (also called the Special Flood Hazard on and structure nd (2) acquisiti demolition, a property Area). roperty . P property acquisiti on and s tructure relocation acquisition and structure the demolition allows Who can apply for FEMA -funded community th to purchase hile e structure and the land, w property acquisition and structure relocation allows the acquisitions? communi land a y the onl o purchase ty t nd assist the to If an individual home or business owner wants structure the with relocating ner ow property to an area e HMA partic ipate in a buyout project and meets th one . P e paid fa ner s ar ir outside the flood z roperty ow their rogram requirements, they need to contact p local market value for their property. government. The local government can sponsor a buyout project and submit and FEMA tate an application to the s on the individual’s behalf. “FEMA’s mission is to support our citizens and first responders to ensure that as a nation we work together to build, sustain, and Improve our capability to prepare for, protect against, respond to, recover from, and mitigate all hazards.”

2 Property Acquisitions Frequently Asked Questions Federal Insurance and Mitigation Administration the prioritized applications to FEMA received, and submit the application pr does How ocess for approval. work? eviews applications to ensure they meet FEMA then r The application process begins with individuals or re cost-e HMA p rogram requirements, a ffective and communities meeting with the local floodplain or and address environmental/historic/cultural feasible, housing manager to start an application. The application awards mitigation resource issues. Once approved, FEMA from the community and require s input and information grant funds to the sburses those funds to ate, which di t s all interested property owners. communities. Hazard The community sends the application to the State the funding is received, the will community purchase Once Mitigation Officer (SHMO), who will review it for deed the property, remove or demolish the structure, a nd tize it among other eligible eligibility , priori applications restrict the land as open space. FEMA Property Acquisition Process “FEMA’s mission is to support our citizens and first responders to ensure that as a nation we work together to build, sustain, and Improve our capability to prepare for, protect against, respond to, recover from, and mitigate all hazards.”

3 cquisitions F Property A requently A sked Q uestions Federal Insurance and M itigation A dministration State, territory, federally -recognized tribe, and/or  e i s y hom il m ake unt ong will it t How l local government purchased?  Donated resources It may take several months or ev en years to apply for rom start to finish, and complete an acquisition project. F alue of m y property How is the v acquisition p rojects require a lot of coordination between determined ? owner, community, and property the tate. s The m alue arket v air m stimate f common approach to e ost of the real property ( land and structures is for or land only) n I ge nclude t What c osts a re i d whe the to hire an community when the appraiser community uyout? rt of a b paid as pa , and the homeowner a ard es an official grant rees receiv aw g must be appraisal to sell the property. The in conducted The roperty s part o re covered a ts that a cos f a p the ce with accordan of Standards Uniform Professional on or relocation depend demoliti structure acquisition and must coordinate Practice Appraisal . The community with of the project (either a cquisition demolition on the scope will be used in assumptions that the tate to determine s the roperty reimbursed for: be may ners ow . P or relocation) the alue), and appraisal (i.e., current or arket v m pre- event  Fai r market value of the real property(land and applied consistently throughout the assumptions must be structures) either at the time of sale or immediately op all pr the project ar ea for . cquired e a o b erties t before the most recent flood When d the value for a large number o f etermining  Fees for necessary appraisals, title searches, title structures, t he community may conduct appraisals to insurance, property inspections, a nd surveys establish a statistical sam pli alues ng of , and property v Fees associated with the title transfer, contract  assessed to tax- to apply n adjustment factor develop a review, and other costs associated with conducting values so that they r ach p eflect e easonably r operty’s r the real estate settlement, including recording the market v . alue deed and deed restrictions  Demolition, site restoration, and site stabilization of the acqui red site relocat  ed, the reasonable If the structure is being cost of disassembling, moving, and reassembling any porches, decks, skirting, ramps, awnings , or other items. batement  Asbestos a Who pays for the project? Generally, FEMA pays up to 75 percent for hazard mitigation projects. The remaining 25 percent is the responsibility of the homeowner, unless the subapplicant has identified an alternative payment method. The state, territory, or federally -recognized tribe may have a This home is t o be demolished as ouse t he New rt of t he first h pa tegy. sharing stra different cost- ersey Blue Ac res Acquisition pr ogram after Hurricane Sandy J For example, if your mitigation project cost is $200,000, . s devastated the tate FEMA will pay 75 percent ($150,000) of the cost. The homeowner is responsible for the remaining 25 percent (or $50,000). Homeowners may receive funding assistance through: Compliance payments  Increased Cost of  Insurance payments U.S. Small Business Administration disaster loans  “FEMA’s mission is to support our citizens and first responders to ensure that as a nation we work together to build, sustain, and Improve our capability to prepare for, protect against, respond to, recover from, and mitigate all hazards.”

4 Acquisitions Asked Q uestions Property Frequently Administration Federal Insurance and M itigation Nature reserves, cultivation  , grazing, and camping an I How c MA funds are f FE find out i (except where adequate warning time is not available for acquisitions in my available to allow evacuation) tate? s community or Unimproved, unpaved parking lots  Buffer zones  owners community Property ontact should c local their Other uses FEMA determines compatible  SHMO to find out what FEMA or their officials s opportunities are available in their mitigation tate. Useful Links and Resources y FEMA Are acquisition funds onl FEMA’s Hazard Mitigation Assistance Guidance and Addendum: ajor flooding after available a m itigation-a ssistance - disaster? program-guidance MA grant programs to support s tates, FEMA has three H State Hazard Mitigation Officers: in tribal governments, and local communities azard itigation-o fficers -m HMA ll three . A implementing acquisition projects communities protecting pr the purpose ograms share of HMA) Brochures: FEMA Hazard Mitigation Assistance ( from natural disasters, but they have different periods of funding availability. documents/107704 library/assets/ isaster Before a disaster Mitigation program – The Pr e-D Homeowner’s Guide to the Hazard Mitigation Grant i ational program that annually provides s a competitive n Program: tribal funds to States and communities, including implementing anage risk by governments, to m hazard data/1478272128411-2eca27a89d418bb73e817edfb702cc1 m and mitigation projects before a planning itigation 5/HMA_HO_Brochure_508.pdf . disaster disaster – The After a Hazard Mitigation Grant Program Vol untary P articipation f or A cquisition of Statement of communities s provides funds to tates, tribes, and local Open : of Propert y f Space or Purpose public declaration to protect l disaster a Presidentia after - through various measures private or mitigation property library/assets/documents/13708 s t ribal priorities . tate/ based on Every year – The Flood Mitigation A ssistance program national program that annually is another competitive s tates and local communit ies for o provides funds t that reduce or eliminate the long-t erm risk of projects other damage to buildings, homes , and structures flood insure that are FEMA’s National F lood I nsurance d under . Program programs three information on the Additional be can found -assistance. mitigation at What ha to my pr operty a fter an ppens acquisition and demolition? d and m dedicate be shall property in The aintained perpetuity as open space f or t he conservation of natural . H land uses floodplain functions owever, the following are a llowed: ks for outdoor recreational activities  Par  Wetlands management “FEMA’s mission is to support our citizens and first responders to ensure that as a nation we work together to build, sustain, and Improve our capability to prepare for, protect against, respond to, recover from, and mitigate all hazards.”

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