New Jersey is making the first post-Hurricane Sandy buyout offers to South River and Sayreville homeowners this week, Governor Chris Christie said.
Those homes have been approved for buyouts by FEMA. The total cost of the program is $300 million, according to Christie’s office.
Dozens more offers are expected in the next four to six weeks, Christie’s office said. The governor said the state aims to buy out 1,300 flood-prone homes from willing sellers, including 1,000 that were damaged by Sandy.
Topics New Jersey
Was this article valuable?
Here are more articles you may enjoy.
A Super Yacht Armada Came to Miami, Leaving a Marine Graveyard in Its Wake 
Insurers Avoid €580 Million Hit From Nord Stream Pipeline Blasts 
Sompo to Acquire Service Insurance Companies to Expand US Workers Comp 
Allstate Sued by Oklahoma for Alleged Scheme to Underpay Claims 
