- Guides and Training Manuals
- Tools and Templates
Date Published: March 2013
This toolkit is intended for Community Development Block Grant Disaster Recovery (CDBG-DR) grantees to use in designing and implementing a buyout program. Grantees can use CDBG-DR funds to buy properties, both commercial and residential, in a target area with the intent to demolish the structures and create park amenities, open space, or flood storage/overflow areas. Such programs are typically part of a multi-pronged approach to community revitalization that includes relocation of residents and businesses in addition to business development activities. Buyout programs are especially effective in communities that have endured multiple disasters in the same neighborhood in the recent past, or sustained severe damage where there is high risk of additional disasters, such as a 100-year flood plain. These programs can help reduce the impact of future disasters while encouraging targeted revitalization efforts and public spaces.
This toolkit is part of the CDBG-DR Toolkits.
Disclaimer: All peer approved resources shared on the HUD Exchange have been provided by the organization that developed them. The documents have not been reviewed by HUD or its contractors for applicability, legality, or compliance with federal statutory and regulatory guidelines. The posting of these documents on the HUD Exchange is not intended as an endorsement of the documents by HUD or any of its contractors.
Please bear in mind that these documents were created by organizations based on their specific needs and objectives, and they may reflect local laws and policies. Grantees and their partners should go through their own process to develop policies and corresponding procedures that are appropriate locally and that are compliant with federal, state, and local law.