Bill

Bill > H0466


VT H0466

An act relating to flood response and the creation of a voluntary buy-out program


summary

Introduced
03/12/2025
In Committee
03/12/2025
Crossed Over
Passed
Dead

Introduced Session

2025-2026 Session

Bill Summary

This bill proposes to require the Agency of Commerce and Community Development to establish a voluntary buyout program for flood-prone properties that are either ineligible for Federal Emergency Management Agency buyouts or identified by municipalities for flood-resilient redevelopment or floodplain restoration. This bill also proposes to create a homeowner assistance program providing financial support for elevating homes in flood-prone areas, relocating displaced residents to permanent housing, and rebuilding homes using flood-resilient materials and designs.

AI Summary

This bill proposes to establish a comprehensive flood response strategy for Vermont, focusing on two key programs designed to help homeowners in flood-prone areas. First, the Agency of Commerce and Community Development would create a voluntary buyout program targeting properties that do not qualify for Federal Emergency Management Agency (FEMA) buyouts or have been identified by municipalities as needing flood-resilient redevelopment or floodplain restoration. Second, the bill would implement a homeowner assistance program providing financial support for several critical flood mitigation efforts, including elevating homes in flood-prone areas, helping displaced residents secure permanent housing, and rebuilding homes using flood-resistant materials and design techniques. By offering these voluntary programs, the bill aims to increase community resilience, reduce future flood damage risks, and provide meaningful support to homeowners impacted by flooding in Vermont.

Committee Categories

Housing and Urban Affairs

Sponsors (2)

Last Action

House Committee on General and Housing Hearing (00:00:00 3/21/2025 ) (on 03/21/2025)

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