Hurricane Sandy
Home Buyouts in Flood Zones to Begin Soon
Home buyouts in areas prone to flooding expected to start soon, though participation remains voluntary.
Buyouts of properties in flood prone areas are expected to begin within a matter of weeks, beginning in Middlesex County and working south into the summer months as residents and their respective town officials make the difficult decision to abandon entire neighborhoods for good. Though buyout specifics have been limited, Bob Martin, commissioner of New Jersey’s Department of Environmental Protection, said between eight and 10 towns along the coast have inquired about participating in the State’s Blue Acres program, which purchases severe repetitive loss homes in flood areas and converts the land into open space. Martin said he wanted to be cautious about naming the municipalities that have inquired about the property buyouts as many have …
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9:49 am on Tuesday, May 21, 2013
The current building standards are audacious, impracticle and subject to change. more ›