Flood Buyout Program
The historic flood of 2008 caused widespread damage and interruption to residents’ everyday life throughout the Village, which spurred the Village to embark on a flood mitigation program to reduce the costs and impact of future flooding. Part of this mitigation program is our voluntary flood buyout program.
The Village applies for federal and state grant funding for the acquisition of properties to remove residents and structures from the hazard area. Upon the completion of demolition, the Village retains the parcels as open green space.
If you wish to sign up for the voluntary buyout program, please complete the Notice of Voluntary (NOVI) form below and return it to Village Hall. Your property will be added to the waiting list and considered based upon the requirements of the grant and as additional funding becomes available.
Flood Buyout Program Information Sheet