North Carolina – Flat Swamp Mitigation Bank

Contact us at 410-987-5500 for Flat Swamp credit info and the full range of GreenVest mitigation solutions.

Location:  Craven County, North Carolina

Service Area: Middle Neuse River Basin – HUC 03020202. Counties served by the FSMB include Craven, Lenoir, Pitt, Wayne and the northern portion of Jones.

Purpose: To restore former hydrology and forest vegetation of an ecologically degraded site along the Neuse River and provide mitigation for future impacts.

Project Description: The Flat Swamp Mitigation Bank site is a 386-acre tract, originally supporting forested wetlands, which were converted to agriculture in the mid-1970’s resulting in severe degradation to resource functions and values including: water quality, soils, biodiversity, wildlife habitat and aesthetics. The former hydrology and forest vegetation of the entire site has been restored to provide mitigation for future impacts to similar resource values.

Mitigation Available: The FSMB currently offers Neuse Riparian Buffer and Nutrient Offset credits. Credit prices are negotiated depending on the type and volume purchased. As of October 1, 2012 we have 592,701.91 lbs. of Nutrient Offset credits and 20.76 acres of Neuse Riparian Buffer credits currently available for purchase.

Project Status:  The Bank is fully approved by the North Carolina Department of Environment and Natural Resources, Division of Water Quality. The Bank has successfully completed four of the required five years of monitoring as the Bank’s hardwood wetland communities are trending towards fully meeting its success criteria.

Ecological Benefits/Proposed Uplift: The FSMB is strategically-located in the headwaters of Flat Swamp Creek, a major tributary to the Neuse River. The Neuse River is one of the most threatened river basins in the eastern United States and continues to degrade because of agriculture and urban development. The FSMB is providing a significant improvement to the water quality, biodiversity and habitat of this degraded section of the Middle Neuse River Watershed by providing a diverse forested habitat and returning natural hydrology to the area. This restoration will prevent nutrient and sediment pollution to surface waters in both riparian and non-riparian areas, it will increase nutrient uptake and sequestration and enhance sediment filtering, it will provide improved wildlife habitat and an overall improvement in biodiversity of the area in perpetuity.

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