Cost to buy out all Ida-damaged often-flooded homes would top $1B
There is renewed interest in the Blue Acres program, which has some dedicated funding but not enough to meet expected demand.
Blue Acres
Taxpayers foot the bill for chronically flooded NJ homes
If you think flooding is becoming more common, you are correct.
NJ spending hundreds of millions of dollars buying out flood-prone homes
New Jersey has made offers made on 755 homes in 12 municipalities
NJ Eyes Nearly 700 Homes for Post-Sandy Buyouts
New Jersey has identified nearly 700 homes it plans to buy and demolish as part of an effort to move people out of flood prone areas.
$250M for Flood Buyouts
Owners of perpetually flooded homes could be getting bought out through the state’s Blue Acres program, provided Governor Christie receives the quarter billion in funding he’s asking for from the federal government.