Red-zone

And in the event their land is red-zoned, at least they know they will ultimately get a new house under their AMI insurance policy.

Source: wiktionary

As a result of severe and recurrent liquefaction damage, and the infeasibility of timely and effective land repair, more than 7000 residential properties in Christchurch were red-zoned (designated as currently uneconomic to repair) and purchased by central government at a cost exceeding NZ$1.6 billion.

Source: wiktionary

His house in the Loop was red-zoned.

Source: wiktionary