Locally funded buyouts
There are three different types of floodplain buyouts funded entirely with money from local storm water fees:-Annual buyouts
Annual buyout properties are selected based on overall flood risk and other benefits to the community. In 2014, the properties targeted for buyouts include homes located along Dunlavin Way and Dolphin Lane in east Charlotte and homes along Glenwood Drive in west Charlotte that have a high risk of flooding.
After a destructive flood, the Quick Buy program sometimes has been used to purchase qualifying buildings with significant flood damage.
2011: 21 houses purchased
2008: 37 houses purchased
2003: 9 houses purchased