The State of Florida has allocated $27,000,000 to the Community Development Block Grant-Disaster Recovery (CDBG-DR) Voluntary Home Buyout Program. The goal of the program is to reduce the risk of flooding through the purchase of damaged or destroyed properties impacted by Hurricane Michael. Your property may also be eligible for purchase if it is located in a High Risk Flood Area, Special Flood Hazard Area or if outside of these areas meets the following criteria: 1. property is substantially damaged 51% or more of the pre-Hurricane Michael value; 2. Property is a health/safety risk; or 3. property is located in a floodway.
This program will allow Bay County to purchase your property at the pre-Hurricane Michael fair market value for both the land and the house. The house will be demolished and the property will be held for conservation, recreation, or storm water management purposes in perpetuity.