PROPERTY BUYOUTS FOLLOWING THE JULY 2023 FLOOD | VERMONT DEPARTMENT OF PUBLIC SAFETY - VERMONT EMERGENCY MANAGEMENT
Provides grant funding to cover one hundred percent of the project cost for the voluntary purchase of properties. Funding is available for properties damaged during the July flooding or previous events as well as properties at risk of flooding but without previous damage. Towns apply to VEM for grant funding to cover the purchase price and other eligible buyout costs. The purchase price is set at full market value (either current value or pre-event) and property owners can choose to withdraw without cost from the process at any time prior to closing.
Categories
Last Assured
07/22/2024
Physical Address
45 State Drive, Waterbury, VT 05671-1300
Hours
Hours Vary
Fax
(802) 241-5556
Application process
Interested property owners should contact their town manager, administrator, or Select board to express interest.
Eligibility
Residential, commercial, or vacant parcels that have been damanged or at risk of damage from flooding
Service area
Vermont
Agency info
VERMONT DEPARTMENT OF PUBLIC SAFETY - VERMONT EMERGENCY MANAGEMENT
Vermont Emergency Management (VEM) is the division of Vermont's Department of Public Safety that serves all of Vermont with leadership, coordination, and support during the four phases of emergency management: mitigation, preparedness, response, and recovery.