Governments buy homes in floodplains to help homeowners move to safer areas and reduce future flood damage. FEMA's Hazard Mitigation Grant Program has purchased thousands of homes since 1989, with 75% of funding coming from the federal government. While buyouts can lead to open space and protect other homes, they can also pose challenges for governments in managing the land. Despite the ongoing housing shortage, these programs continue to provide assistance to homeowners affected by flooding.
