FOR IMMEDIATE RELEASE  April 11, 2014  Contact: Gabi Boerkircher, Communications Specialist, 303-441-3399

Property owners with flood damage reminded of the April 25 voluntary buyout deadline

Boulder County, Colo. – Boulder County is currently identifying properties for application in FEMA’s Hazard Mitigation Grant Program (HMGP). All interested property owners must give intent to apply for the program by April 25 to be eligible.

Funds from the HMGP program will be used to acquire, elevate or structurally retrofit properties that were substantially damaged in the 2013 Flood and are vulnerable to future disasters.

Property acquisition, better known as buyouts, is the most well-known function of the HMGP program. In this portion of the program, funds are used to buy out properties damaged during flooding, demolish them, and return the land to its natural state. Removal of these properties will prevent future losses occurring and will also give property owners an opportunity to recoup a large part of their investment in property that has lost some, if not most, of its value due to damage

Participation in the HMGP program is voluntary for all parties involved. Property owners who have sustained damage as a result of the 2013 Flood may be eligible to participate in the program. Residents interested in funding who have not already contacted Boulder County should do so immediately, before the deadline passes.

All interest property owners or those who have questions should contact the Boulder County HMGP Information Hotline at 866-953-2325 or email buyout@nullbouldercounty.org.

–BoulderCounty.org–