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 primarily 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 ParishScottWest 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 over and closings underway
Vermilion Parish
Victoria Acres Buyout Program Priority Zones
Victoria Acres Buyout Program
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: Accepting applications for Priority 2 zone buyouts
Denham Springs
Spring Park Buyout Program Priority Zones
Spring Park Buyout Program
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: Accepting applications for Priority 2 zone buyouts
Scott
The state is funding a $7 million voluntary buyout program in Scott. City officials selected the neighborhood pictured in the map on the left for the buyout program.
STATUS: Priority 1 zone application period closed
West Monroe
The state is funding a $10 million voluntary buyout program in West Monroe.
STATUS: Project area and priority zones identified
Washington Parish
The state is funding a $10 million voluntary buyout program in Washington Parish.
STATUS: Project area and priority zones identified
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
Contact and Resources
For more details, Louisiana residents in buyout project areas can contact program service representatives at 866.735.2001.