Onion Creek Floodplain Buyout Program
We provided property acquisition and relocation to the city of Austin, local sponsor of this U.S. Army Corp of Engineers' project, for the buyout of approximately 250 homes within the 25-year Onion Creek Forest and Yarrabee Bend floodplain. Ecosystem restoration and recreational facilities development will be carried out on the residual lands. Our services included the setup and management of a project-specific office, coordination of appraisals and appraisal review, negotiation/acquisition, title services, relocation, property management and demolition oversight. Our agents are assisting affected homeowners and tenants who face financial, geographic and emotional challenges. Despite having not yet received federal funding, the project is on schedule and under budget, largely due to the development of a strategic parcel plan, which gives priority based on inundation levels.