State officials in New Jersey are moving forward with plans to buy flood-prone properties in the wake of Superstorm Sandy.
Officials met with 129 Sayreville home and property owners who are approved for buyouts.
Environmental Protection Department spokesman Larry Ragonese told The Home News Tribune of East Brunswick the people own contiguous properties and clusters of homes that will allow the state to create flood plains. Ragonese says the state is hoping to buy the first homes by the end of summer.
FEMA will provide 75 percent of the funding and the state will pay 25 percent.
The state is only working with willing sellers and owners can reject the offer without losing their homes.
Ragonese says about 72 properties in South River are next.
Topics Flood New Jersey
Was this article valuable?
Here are more articles you may enjoy.
OpenAI Top Scientist Urges ‘Extreme Caution’ With Pace of AI
Seven Charged in $100 Million Workers’ Comp Fraud in Florida
Aon Acquires USI Insurance From KKR in $17 Billion Deal Targeting Middle Market
Brightline Lands $350 Million Assured Loan in Case of Bankruptcy 

