delete PART 209—SUPPLEMENTAL PROPERTY ACQUISITION AND ELEVATION ASSISTANCE
A temporary FEMA grant program (FY1999-2000 disasters) that provides federal funds (up to 75%) to states, localities, and nonprofits to acquire flood-damaged principal residences or elevate structures. Properties must be in the 100-year floodplain, certified uninhabitable, and pre-disaster value under $300,000. Acquired properties must be dedicated to open space/recreational/wetland uses in perpetuity with restrictive covenants and federal oversight.
Obsolete time-limited program expired decades ago. Even if active, it represents federal overreach into land use (Tenth Amendment), encourages moral hazard by subsidizing floodplain development, imposes permanent federal deed restrictions on private property, and distorts market signals that would otherwise discourage building in flood zones. The unseen cost is systemic interference with price mechanisms and local decision-making that should govern property risk.