Buyouts & Acquisitions

The GLO is currently administering $275 million in funds for Hurricane Harvey local buyouts and acquisitions. These funds were distributed based on Methods of Distribution developed by the Regional Councils of Government. Local government entities may select between the two programs based on the specific needs of their communities.

Buyout

A Buyout Program uses CDBG-DR funds to purchase properties in qualifying target areas prone to flooding events and demolishes the structures on the properties to create park amenities, open space, or flood storage/overflow areas. Buyout Programs are especially effective in communities that have endured multiple disasters in the same neighborhood in the recent past, or sustained severe damage where there is high risk of additional disasters, such as a 100-year floodplain. These programs can help reduce the impact of future disasters while encouraging targeted revitalization efforts and public spaces.

Acquisition

Acquisition of Real Property, using post-disaster property values allows subrecipients to acquire real property for any public purpose, as set forth (24 CFR 570.201(a)). Acquisition-only is typically not considered a complete activity in the Program and must be combined with another eligible use (i.e. relocation assistance and new construction of housing). Methods of acquisition include purchase, long-term lease (15+ years), donation or otherwise (HUD CPD-17-09 notice).

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Local Buyout & Acquisition Application & Resources

Local Buyout and Acquisition Subrecipient Application - This application is for the residential Local Buyout and Acquisition Program for Hurricane Harvey CDBG-DR funding. It was created to be used for the buyout or acquisition of residential housing activities affected by Hurricane Harvey.
Local Buyout and Acquisition Subrecipient Application Checklist
Subrecipients must develop and publish program guidelines that capture program details and actions the subrecipient will take to delivery either a buyout or acquisition program. At contracting, the subrecipient will have 60 days to submit its locally approved guidelines to the GLO for approval. As a result, a 30-day public comment period is not required at application, unless the subrecipient policies and procedures locally require it.

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Required Documents	Required Documents Youtube Instructional Playlist
Summary Document	Voluntary Program Left and Right Side File Checklist
Left Side Checklist
Summary Document	Left Side Documentation Checklist
Applicant Information	Intake Beneficiary Application General Information Notice Residential Tenant to be Displaced Affidavit of Same Name Damage Assessment Checklist Adjusted Gross Income (AGI) and Area Median Income (AMI) Verification Urgent Need National Objective Self-Certification Form Slum and Blight National Objective Self-Certification Form Duplication of Benefits (DOB) Calculation Form Duplication of Benefits (DOB) Eligible Repairs Calculation Form Duplication of Benefits (DOB) Insurance Affidavit Subrogation Agreement
Property Information	Well Abandonment Certification Hazardous Material Disclosure Certification
Supplemental Documentation	Sample Homeowner Application Denial Letter Sample Homeowner Appeal Form Sample Homeowner Letter of Withdrawal Sample Voluntary Acquisition Information Notice (Agencies with Eminent Domain Authority) Sample Voluntary Acquisition Information Notice (Agencies without Eminent Domain Authority) Sample Work Write-Up How to Indicate the Property's Location in a Flood Zone
Right Side Checklist
Summary Document	Right Side Documentation Checklist
Property Information	Voluntary Offer Letter to Homeowner Vacate Notice Vacate Notice
URA and Incentive Information
	Promissory Note Guidance Pre-Demolition Checklist Post-Demolition Checklist with Disposal Tag Incentive Checklist HQS Inspection Checklist
Acquisition for Redevelopment Information	Final Inspection Form Site Occupant Record - Residential New Construction Lien Waiver Affidavit (Interim) Subcontractor Lien Waiver Affidavit (Final) Subcontractor
End Use Information	End Use Certification
Additional Required Documentation	Contractor Eligibility Form Case Manager Activity Log
Supplemental Documentation	Sample Notice to Proceed Relocation Assistance to Tenants Displaced from Their Homes Acquisition Checklist Progress Inspection Checklist SF 424-D Right Side Documentation Upload Tool Template – LBAP Obligation Right Side Funding Obligation Guide

Buyouts & Acquisitions