The Redford government is giving homeowners living in floodways in Southern Alberta the option to relocate their families.

Affected homeowners are eligible for compensation valued at 100 per cent of their last municipal property tax assessment to help them relocate.

Owners of historic resources impacted by 2013 flooding will have more time to submit applications for the Alberta Historical Resources Foundation (AHRF) heritage grants program.

The foundation has extended the deadline for applications to Sept. 30 for owners of properties that have been directly impacted by flooding; are included on a formally adopted Municipal Heritage Inventory, with a Statement of Significance; and, have been issued a Notice of Intention to designate as a Municipal Historic Resource by the applicable municipality.

Calgary's REALTORS® are welcoming the province's decision to back down on its "rash" decision to require mandatory warnings on land titles for properties in areas at risk for flooding.

"They weren't in a position to make any decisions," said CREB® President Becky Walters. "So why somebody decided to come out with that kind of a rash announcement was really just a reaction to the capacity they were dealing with at that point, and somebody said 'What about the future?'