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Posted on: September 24, 2020

Information for Panama City Voluntary Home Buyout Program

Flooded home with caption Rebuild Florida Voluntary Home Buyout Program

If you would like to express your interest in the Hurricane Michael Voluntary Home Buyout Program, please complete the online survey at www.surveymonkey.com/r/homebuyout at your earliest convenience.

The submission of your information through interest forms and online surveys does not guarantee funding to your property and does not commit you to participating in this voluntary program. 

The presentation given at public meeting on Thursday, October 1, 2020 is available in this link: https://www.pcgov.org/DocumentCenter/View/5370/City-of-Panama-City---VHB-Public-Meeting-Presentation

If you have any questions, comments, or inquiries, please contact Jennifer Aldridge, Disaster Recovery Project Manager at (850) 872-3004 or through email at jaldridge@pcgov.org can address any questions, comments or inquiries.

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The Florida Department of Economic Opportunity (DEO) has allocated a total of $27,362,572 to their Hurricane Michael Voluntary Home Buyout Program, with a maximum award not to exceed $5,000,000.

The City of Panama City has the unique opportunity to apply through DEO for U.S. Housing and Urban Development (HUD) Community Development Block Grant-Disaster Recovery (CDBG-DR) funds in order to fund the purchase of qualifying properties in Low- and Moderate- Income Areas (LMA) that were directly impacted by Hurricane Michael and experience repeated flooding.

This program will allow the City of Panama City to purchase your property at the pre-Hurricane Michael fair market value for both the land and the house. The house will be demolished and the property will be held for conservation, recreation, or storm water management purposes in perpetuity. Participation in the program is completely voluntary and homeowners who are identified as eligible for the program are not obligated to participate in the program and sell their home.

The City has not yet been granted funding by DEO, but must identify potential applicants and specific addresses willing to voluntarily sell so we can move quickly to complete the acquisition once funding is awarded and made fully available to the City. Please understand there are no guarantees that funds will be available in the future to buy your property. Funding awards remain subject to the State’s consideration and final determination.

There will be a public meeting on Thursday, October 1, 2020 at Bay District Schools Nelson Building, located at 1311 Balboa Avenue, from 6:00 p.m. to 7:00 p.m. to discuss program details, address questions, allow for the collection of additional information, and to provide eligible homeowners with the ability to express interest in participation in the program. The meeting will also be offered virtually via Zoom Meetings.

The City understands that you and your family may have questions and will need ample time to decide if participating in this program is right for you, so we would like to provide an opportunity to address any additional questions you might have on the process before making a decision. If you decide that you are interested in attending the public meeting to find out more about the program, prior registration is required. Please visit www.surveymonkey.com/r/homebuyout to register today.

If you have any questions, comments, or inquiries, please contact Jennifer Aldridge, Disaster Recovery Project Manager at (850) 872-3004 or through email at jaldridge@pcgov.org can address any questions, comments or inquiries.

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El Departamento de Oportunidades Económicas de Florida (DEO) ha asignado un total de $27,362,572 a su Programa de Compra Voluntaria de Vivienda por el Huracán Michael, con una adjudicación máxima que no debe exceder los $5,000,000.

La Ciudad de Panamá tiene la oportunidad única de postularse a través del DEO para los fondos de Subvención en Bloque de Desarrollo Comunitario-Recuperación ante Desastres (CDBG-DR) de Desarrollo Urbano y de Vivienda de los EE. Áreas de ingresos (LMA) que fueron directamente afectadas por el huracán Michael y experimentan inundaciones repetidas.

Este programa permitirá a la Ciudad de Panamá comprar su propiedad al valor justo de mercado anterior al huracán Michael tanto para el terreno como para la casa. La casa será demolida y la propiedad se conservará para fines de conservación, recreación o manejo de aguas pluviales a perpetuidad. La participación en el programa es completamente voluntaria y los propietarios identificados como elegibles para el programa no están obligados a participar en el programa y vender su casa.

El DEO aún no ha otorgado fondos a la Ciudad, pero debe identificar a los solicitantes potenciales y direcciones específicas que deseen vender voluntariamente para que podamos avanzar rápidamente para completar la adquisición una vez que se otorguen los fondos y estén completamente disponibles para la Ciudad. Por favor, comprenda que no hay garantías de que haya fondos disponibles en el futuro para comprar su propiedad. Las adjudicaciones de fondos están sujetas a la consideración y determinación final del Estado.

Habrá una reunión pública el jueves 1 de octubre de 2020 en el edificio Nelson de Bay District Schools, ubicado en 1311 Balboa Avenue, de 6:00 p.m. a 7:00 p.m. para discutir los detalles del programa, abordar preguntas, permitir la recolección de información y proporcionar a los propietarios elegibles la capacidad de expresar interés en participar en el programa. La reunión también se ofrecerá virtualmente a través de Zoom Meetings.

La Ciudad comprende que usted y su familia pueden tener preguntas y necesitarán tiempo suficiente para decidir si participar en este programa es adecuado para usted, por lo que nos gustaría brindarle la oportunidad de abordar cualquier pregunta adicional que pueda tener sobre el proceso antes de realizar una consulta. decisión. Si decide que está interesado en asistir a la reunión pública para conocer más sobre el programa, es necesario registrarse previamente. Visite www.surveymonkey.com/r/homebuyout para registrarse hoy.

Si tiene alguna pregunta, comentario o consulta, comuníquese con Jennifer Aldridge, Gerente del Proyecto de Recuperación de Desastres al (850) 872-3004 o por correo electrónico a jaldridge@pcgov.org para responder cualquier pregunta, comentario o consulta.