N.J. Post-Sandy Buyout Offers Start in South River, Sayreville

July 16, 2013

New Jersey is making the first post-Hurricane Sandy buyout offers to South River and Sayreville homeowners this week, Governor Chris Christie said.

Gov. Christie announced the first post-Sandy buyout offers were made this week to Sayreville homeowners, who have been offered pre-storm value for their properties.(Governor's Office/Tim Larsen)
The state plans to spend $39 million of federal funds on the first 129 homes, Christie said in South River on Tuesday.

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.

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