NJ Makes Buyout Offers to 272 Homes in Middlesex County
New Jersey has offered to buy 272 homes in flood-prone zones of Sayreville and South River.
So far, 125 owners have accepted the offer, and 22 sales have been closed.
The state’s Blue Acres program uses federal and state money to buy homes deemed especially likely to flood. The state plans to buy 1,300 homes for what they were worth before Superstorm Sandy.
The next round of funds targets 119 flood-prone homes in Woodbridge, East Brunswick, and Newark, as well as others in the Passaic River Basin.
Also targeted are 33 homes in Lawrence Township in Cumberland County.
Officials are considering extending buyout offers to clusters of homes in several Jersey shore towns wrecked by Sandy, including Union Beach, Neptune and Atlantic Highlands.
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