Floodplain Buyouts: Challenges, Practices, and Lessons Learned

Abstract

This report summarizes lessons learned by buyout administrators and practitioners and how they have overcome or reduced several common challenges, such as how to: (a) finance buyouts, (b) improve speed and efficiency, and (c) increase uptake of buyout offers among residents. Lessons are drawn from program evaluations, case studies, academic research, and interviews with program administrators. Throughout the report, we note concerns about equity and identify where actions taken by state or federal agencies could support local efforts. The report is far from a complete account of all significant findings in buyout policy research; rather, it represents a critical starting point for leaders seeking to guide future buyout programs toward more equitable and effective outcomes.