FEMA Mitigation Best Practices: Repetitive Flood Claims Program Benefits City and Homeowners [open pdf - 51KB]
"Cañon City officials completed an acquisition project after being motivated by a home that was subject to frequent flooding. The 2011 acquisition was funded by FEMA's repetitive flood claims program. Property acquisition can be a cost-effective and long-term solution for community floodplain managers and owners of flood-prone properties. The house that previously stood on the now empty lot was subjected to flooding not long after it was built. For decades, flooding of the Cañon City home continued after almost every rain storm."
Federal Emergency Management Agency: http://www.fema.gov/