"Project" is defined in the statute to include (i) home upgrades for resilience purposes, home buyouts necessary for the construction of mitigation or resilience projects, relocations, and buyout assistance for homes, all including multifamily units; (ii) gap funding related to buyouts in order to move residents out of floodplain hazard areas and restore or enhance the natural flood mitigation capacity of functioning floodplains; (iii) assistance to low-income and moderate-income homeowners to help lower flood risk through structural and nonstructural mitigation projects, or other means; (iv) loans and grants to persons for hazard mitigation and infrastructure improvement projects for resilience purposes; and (v) projects identified in the Virginia Flood Protection Master Plan or the Virginia Coastal Resilience Master Plan.
The Commonwealth’s biennial budget capitalized the new Fund with $25 million. DCR will be developing program guidelines over the coming months. Please reach out with questions or to express interest.
Contact: Wendy C. Howard Cooper
Director, Dam Safety and Floodplain Management
Department of Conservation and Recreation
Office Telephone: (804) 786-5099