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Trenton, NJ
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New Jersey
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March 18, 2015
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First Woodbridge Homes Demolished in DEP's Blue Acres Program

"TRENTON – The first Woodbridge demolitions in the post-Sandy Blue Acres residential property buyout program are occurring this week, marking another major milestone in the state’s continuing efforts to move homeowners out of harm’s way, the Department of Environmental Protection announced today. Demolitions in the township started last week....Sayreville, South River, East Brunswick and Woodbridge were the first municipalities approved by the DEP’s Blue Acres program to purchase Sandy-damaged dwellings in flood-prone areas from willing sellers at pre-storm values, with the properties to be returned to open space.

The state has made 620 buyout offers in 10 municipalities thus far, with 424 homeowners accepting those offers. Blue Acres also expects to begin making offers in Old Bridge and Linden in early spring and for closings to take place in Manville, Newark and Pompton Lakes within the coming months.

Launched by the Christie Administration in the spring of 2013, the Sandy Blue Acres Program aims to purchase some 1,300 damaged homes at pre-Sandy market values, providing residents with financial resources needed to relocate.

The program has been a key part of the Christie Administration’s efforts to make New Jersey more resilient in the face of future storms and flooding. In addition to buyouts, the state’s comprehensive plan also includes working with the Army Corps of Engineers on a $1 billion comprehensive coastal protection system that includes enhanced beaches and dunes to better protect coastal communities, new elevation standards in flood zones, programs to assist homeowners with the cost of elevations, and $1.2 billion in potential financing for the hardening of water and wastewater infrastructure."

See link to full article below.
Source:
NJDEP News Release
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