[StBernard] hazard mitigation buyouts

[Westley Annis]

VIB,

A hazard mitigation buy-out is when government officials decide that a
property is prone to flooding and should no longer be used as a housing or
business structure.  Since they cannot simply take the land away from you,
they buy the property from you and turn it into green space (any piece of
land that does not have any type of construction on it). 

Westley

-----Original Message-----

WHAT IS  A HAZARD MITGATION BUYOUT?
 
THANKS
VIB