New Jersey will spend $50 million to buy homes flooded by the remnants of Hurricane Ida as part of broader efforts to prepare the state against future storms, Governor Murphy announced on Tuesday.
An exploded restaurant in New Jersey is surrounded by debris after Hurricane Ida in September, 2021.An exploded restaurant in New Jersey is surrounded by debris after Hurricane Ida in September, 2021.homes flooded by the remnants of Hurricane Ida
“We will focus on the worst of the worst properties in Ida-impacted communities. We will work with homeowners to get them off this costly merry-go-round, a ride that no longer makes economic or environmental sense,” Murphy said“The cycle of flood, rebuild, flood, rebuild is not good for families or communities,” he said.
. The program offers homeowners market-rate prices for their properties so they can relocate. The structures are then demolished so the area can better absorb future flood waters. State officials said more than 250 homeowners have already applied., whose Manville home was destroyed by Ida eight months ago.
About 6% of Manville’s buildings suffered damages to more than half the value of the property and town officials mandated those homes either be elevated or bought out by Blue Acres. Lifting a home can cost more than $100,000, so for many residents, selling their property is the best option.
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