LWI Buyouts
As part of the Louisiana Watershed Initiative’s efforts to reduce flood risks, our facilitated voluntary property buyout programs in flood-prone areas across the state. The LWI buyout programs, designed to primarily benefit low- to moderate-income residents, offers an incentive—payment above fair market value—to eligible applicants to relocate to areas of lower flood risk.
Projects
Lake Charles – Greinwich Terrace Buyout Program
The state is funding a voluntary buyout program in the Greinwich Terrace neighborhood of Lake Charles. City and parish leaders prioritized the neighborhood for buyouts because it flooded multiple times in recent years.
Vermilion Parish – Victoria Acres Buyout Program
The state is funding a voluntary buyout program in the Victoria Acres neighborhood. It's located between Abbeville and Maurice in Vermilion Parish.
Denham Springs – Spring Park Buyout Program
The state is funding a voluntary buyout program in Denham Springs.
Scott
The state is funding a voluntary buyout program in Scott. City officials selected the neighborhood pictured in the map on the left for the buyout program.
West Monroe
The state is funding a voluntary buyout program in West Monroe.
Washington Parish
The state is funding a voluntary buyout program in Washington Parish.
St. Tammany Parish
The state is funding a voluntary buyout program in St. Tammany Parish.
Contact
For more details, Louisiana residents in buyout project areas can contact program service representatives at 866.735.2001.
Resources