Voluntary Home Buyout Program

Voluntary Home Buyout Program: $10 Million Keyswide

The State of Florida has allocated $10 million to Monroe County through the Community Development Block Grant-Disaster Recovery (CDBG-DR) Voluntary Home Buyout Program. The voluntary program was created to encourage risk reduction through the purchase of residential property in high flood-risk areas impacted by Hurricane Irma.

This program allows the government to purchase your property at the pre-Hurricane Irma fair market value for both the land and the structure. Priority properties are located in low- and moderate-income areas. Any existing structures will be demolished, and the property will be used for permanent open space, conservation, recreation, or stormwater management systems in perpetuity.

If you are interested in selling your property, fill out the Monroe County Voluntary Home Buyout Interest Survey and sign the “Voluntary Acknowledge Form” required by the State of Florida.

To be included in the Voluntary Home Buyout Program, you must:

  • Complete the interest survey and sign the required form. Signing the form does NOT commit you to any action. You have the right to withdraw from the program at any time prior to closing. 
  • Mail or drop off the signed form to Voluntary Home Buyout Program, Marathon Government Center, 2798 Overseas Highway, Marathon, Florida 33050, or email the scanned signed copy to Goetzman-Christina@monroecounty-fl.gov.

Public Commenting

Monroe County's CDBG-DR Volunataty Home Buyout Program Application to the Florida Dept. of Economic Opportunity is available for public comment through Aug. 14. 

Draft Application 

Voluntary Home Buyout Maps

More Information

Interested homeowners can find more information and the application at the DEO website. The DEO application period will close Oct. 1, 2019. Additional questions can be directed to rebuildflorida@deo.myflorida.com.

Deadline Extension

The Florida Department of Economic Opportunity Announces Extension of Application Deadline for $75 Million Rebuild Florida Voluntary Home Buyout Program

The Florida Department of Economic Opportunity (DEO) announced the extension of the deadline for local governments in communities impacted by Hurricane Irma to apply for grant funding through the $75 million Rebuild Florida Voluntary Home Buyout Program. The original application deadline of August 15, 2019, has been extended to October 1, 2019. Grant funding can be used by local governments to purchase homes damaged by Hurricane Irma from willing homeowners in high-risk flood areas or to match funding for the Federal Emergency Management Agency Hazard Mitigation Grant Program (HMGP).

Mailbox damage from Hurricane Irma

Public Meeting: Voluntary Home Buyout Program

On July 22, 2019, Monroe County held a public meeting regarding the Voluntary Home Buyout Program. To view the hearing, click Video on Demand

Designated Citizen Participation Coordinators

Monroe County:

Islamorada:                    

REBUILD FLORIDA: Repair, replace and elevate damaged homes

Rebuild Florida is a state-run program with federal funding through the Housing and Urban Development Department (HUD) and County support. Florida is slated to receive $616 million in the first round. This money will help qualified families or residents whose homes were destroyed or severely damaged by Hurricane Irma repair or rebuild their homes. It also is available for property owners who rent to qualified households. $90 Million has been set aside for the Florida Keys in the first round. Click Rebuild Florida for eligibility requirements and more information.