Statewide Buyout Program
This voluntary program provides property buyouts in flood-prone areas, as part of the Louisiana Watershed Initiative’s efforts to reduce flood risk throughout Louisiana. The buyout program, which is designed to benefit low- to moderate-income residents, offers an incentive—payment above fair market value—to eligible applicants who relocate to areas of lower flood risk.
Buyouts help residents move out of harm’s way and relocate to higher and drier ground. Buyouts can also restore natural functions of floodplains, enhance communities and lower flood insurance premiums.
Project Locations and Details
Lake CharlesVermilion ParishDenham SpringsSt. Tammany ParishWest MonroeScottWashington Parish
Lake Charles
Greinwich Terrace Buyout Program Priority Zones
Greinwich Terrace Buyout Program
The state is funding a $30 million voluntary buyout program in the Greinwich Terrace neighborhood of Lake Charles, an area that has flooded three times over the past four years. City and parish leaders have prioritized the Greinwich Terrace neighborhood as a top candidate for buyouts.
To find an address on the priority zone map, click here.STATUS: Application period ended and closings underway
Vermilion Parish
Victoria Acres Buyout Program Priority Zones
Victoria Acres
The state is funding a $10 million voluntary buyout program in the Victoria Acres neighborhood between Abbeville and Maurice in Vermilion Parish.
To find an address on the priority zone map, click here.STATUS: The state is accepting buyout applications from Priority 1 zone applicants until Jan. 5.
Denham Springs
Spring Park Buyout Program Priority Zones
Spring Park
The state is funding a $10 million voluntary buyout program in Denham Springs.
To find an address on the priority zone map, click here.STATUS: Survey launched and outreach underway
St. Tammany Parish
The state is funding a $10 million voluntary buyout program in St. Tammany Parish.
STATUS: Project area identified and contract negotiations underway
West Monroe
The state is funding a $10 million voluntary buyout program in West Monroe.
STATUS: Project area identified and priority zone map coming soon
Scott
The state is funding a $7 million voluntary buyout program in Scott.
STATUS: Project area identified and priority zone map coming soon
Washington Parish
The state is funding a $10 million voluntary buyout program in Washington Parish.
STATUS: Identifying project area and priority zone map coming soon
Contact and Resources
For more details, Louisiana residents in buyout project areas can contact program service representatives at 866.735.2001.