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 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.

$87 MillionFor Seven Buyout Locations
map showing Statewide Buyout Projects

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 ParishWest MonroeScottWashington Parish

Lake Charles

Greinwich Terrace Buyout Program Priority Zones

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: The state is accepting buyout applications from the Priority 1 zone applicants until Oct. 27.

Vermilion Parish

Victoria Acres Buyout Program Priority Zones

Victoria Acres Buyout Program Priority Zones

Victoria Acres

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: Survey launched Oct. 7 and outreach underway

Denham Springs

The state is funding a $10 million voluntary buyout program in Denham Springs.

STATUS: Project area identified and priority zone map coming soon

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

West Monroe

The state is funding a $10 million voluntary buyout program in West Monroe.

STATUS: Project area identified and priority zone map coming soon

Scott

The state is funding a $7 million voluntary buyout program in Scott.

STATUS: Project area identified and priority zone map coming soon

Washington Parish

The state is funding a $10 million voluntary buyout program in Washington Parish.

STATUS: Identifying project area and priority zone map coming soon


Contact and Resources

For more details, Louisiana residents in buyout project areas can contact program service representatives at 866.735.2001.