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 ParishBrown ParkCoulee Mine East
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.
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.
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.
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.
West Monroe
The state is funding a $10 million voluntary buyout program in West Monroe.
Washington Parish
The state is funding a $10 million voluntary buyout program in Washington Parish.
St. Tammany Parish
The state is funding a $10 million voluntary buyout program in St. Tammany Parish.
Brown Park
Brown Park Buyout Program Priority Zones
Brown Park Buyout Program
The state is funding a voluntary buyout program in the Brown Park neighborhood of Lafayette.
Coulee Mine East
Coulee Mine East Buyout Program Priority Zones
Coulee Mine East Buyout Program
The state is funding a voluntary buyout program in the Coulee Mine East neighborhood of Lafayette.
Contact and Resources
For more details, Louisiana residents in buyout project areas can contact program service representatives at 866.735.2001.