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Rep. Teddy Wozozak introduces short-form bill to create voluntary flood buyout program
Summary
Representative Teddy Wozozak introduced H466, a short-form bill to establish a voluntary state buyout program for repeatedly flooded properties.
Representative Teddy Wozozak introduced H466, a short-form bill to establish a voluntary state buyout program for properties repeatedly damaged by flooding. The bill was presented to the Committee on General & Housing as a carve‑out from a larger omnibus flood package (H397).
Wozozak told the committee that under the current process, a homeowner applies to their municipality, which forwards the application to the state and then to FEMA. FEMA reimburses the homeowner at the property's fair market value the day before the disaster but requires the acquired land remain permanent green space with no future development. Wozozak said that binary outcome—either a FEMA buyout with permanent…
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