Locally funded buyouts
There are three different types of floodplain buyouts funded entirely with money from local storm water fees:
Annual buyout properties are selected based on overall flood risk and other benefits to the community. Storm Water Services hopes to buy 35 additional floodplain homes in 2013 and 2014. The properties include some recently flooded homes on Gilead Road in Huntersville and homes located along Dunlavin Way and Dolphin Lane in east 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