If I think my home qualifies, how does a buy out work?
The process varies depending on the requirements of the specific funding source. Generally speaking, homes are appraised at fair market value by certified independent appraisers, homeowners are screened for relocation assistance eligibility, negotiations are carried out with the Harris County Right-of-Way Division, and homeowners meet with HCFCD staff counselors before the transaction is complete. Potentially eligible homes are generally ranked according to the risk, severity and history of flooding. When HCFCD funds are leveraged with other funds, the financial partners ranking priority may supercede that of the HCFCD, but the ultimate objective is the samereducing damage and losses caused by floods.
