An act relating to flood response and the creation of a voluntary buy-out program

Vermont's H.466 proposes a voluntary buyout program for flood-prone properties that are ineligible for federal FEMA buyouts or identified by municipalities for flood-resilient redevelopment. It also creates a homeowner assistance program to help residents elevate homes, relocate to permanent housing, or rebuild using flood-resistant materials and designs. The bill directly affects Vermont homeowners in high-risk flood areas, requiring the Agency of Commerce and Community Development to administer both programs. Key provisions include expanding options for flood-prone property owners beyond federal programs and providing financial support for specific resilience measures.