Five states considering plan to buy in - zone homes from residents . Those who qualify could apply to states or communities . States would pick up three quarters of the proceeds . Program could apply to Illinois , Indiana , Kentucky , Iowa and Missouri .
Five states considering plan to buy flood-zone property from homeowners . Residents who qualify could sell to states or communities . FEMA would pick up three quarters of the cost . Program could apply to Illinois , Indiana , Wisconsin , Iowa and Missouri .