On May 16th Gov Christie Announced a Goal for NJ to Close on 1000 Homes Impacted by Sandy: One Year Later, the State has Fallen Short of this Goal

Governor's Office, May 13, 2013: Governor Chris Christie today announced a plan to use $300 million in federal funding that would give homeowners the option of selling their properties damaged by Superstorm Sandy in tidal areas of New Jersey. The buyout plan involves approximately 1,000 homes impacted by Sandy, in addition to another 300 repetitively flood-damaged homes located in the Passaic River Basin. The program is designed to give homeowners the ability to choose the best option for their individual situation.

 The offers to willing seller homeowners are expected to begin starting in July through New Jersey's existing Blue Acres Program, with the first closings expected by Labor Day and all of the closings done within one year. The initial targets will include about 350 homes in Sayreville and South River in Middlesex County that were impacted by flooding from the Raritan and South Rivers, and Delaware Bay homes in Lawrence Township in Cumberland County.

 See: http://www.state.nj.us/governor/news/news/552013/approved/20130516a.html 

 New Jersey has received the $100 million in federal money it requested in the first Action Plan for Sandy money.  New Jersey requested another $100 million in its Action Plan submitted by the New Jersey for the second round of federal Sandy money the state requested another $100 million.  It is unclear where the final $100 million of the planned $300 million will come from.

Funding for this work was provided by the New Jersey Recovery Fund.

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