Voluntary Home Buyout Program
Voluntary Home Buyout Program: $20 Million Keyswide
The deadline for application for Monroe County's Voluntary Home Buyout Program closed Sept. 23, 2019. If the program reopens, those who filled out an application after the closing date will be notified if future programs are made available.
The State of Florida announced today Monroe County will receive $15 million for the Voluntary Home Buyout Program. The voluntary program aims to reduce community risk by purchasing homes in high flood-risk areas impacted by Hurricane Irma. The City of Marathon received an additional $5 million.
Monroe County anticipates that the Florida Department of Economic Opportunity will process the Monroe County sub-applicant agreement to receive funding in May 2020. At this time, Monroe County will be authorized to establish the Monroe County Voluntary Home Buyout Program with the goal to purchase the first voluntary home buyout in the summer of 2020.
Monroe County submitted its application to the Florida Department of Economic Opportunity on Thursday, September 27, 2019. The County submitted a total of 62 applications totaling more than $25 million in estimated project costs. Monroe County also submitted a proposed point prioritization system which was approved by the Board of County Commissioners. This program allows the County to purchase both the land and the structure at the pre-Hurricane Irma fair market value.
In addition to the local project prioritization criteria, the Florida Department of Economic Opportunity has also established a State-mandated point system which may also be viewed in the linked document. Until DEO approves the local project prioritization system, we will not be able to prioritize the projects included in the application. Approval from the DEO is needed to proceed in the program implementation.
“This is so meaningful to Monroe County recovery,” said Christine Hurley, Assistant Monroe County Administrator. “This is the beginning of changing the face of the Florida Keys by eliminating high-risk properties and recreating a resilient community.”
Properties will be prioritized by the most vulnerable populations located in low- and moderate-income areas, and those at highest risk for future flooding. Any existing structures will be demolished, and the property will be used for permanent open space, conservation, recreation, or stormwater management systems in perpetuity.
This program, if used in conjunction with the County’s sustainability infrastructure rebuilding program, will allow the County to approach a “managed retreat” to build a stronger community.
The State of Florida 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.
Citizen Participation Plan
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
- Helene Wetherington, Disaster Recovery Director
- Mary Swaney, Assistant to the Village Manager/PIO
- George Garrett
- For information on the CDBG-DR Voluntary Home Buyout Program for the City of Marathon, visit https://www.ci.marathon.fl.us/planning/page/voluntary-home-buyout-program-1.
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.