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Buyouts

Sign on a home in Sayreville, N.J. - May 16, 2013 (credit: Peter Haskell / WCBS 880)

Sayreville Residents Eager, But Nervous About Buyouts

On Thursday, Gov. Chris Christie announced a plan to buy out homes in flood-prone areas of Sayreville and South River so no houses are built there in the future, and some residents are eager.

2013/05/17

A truck drives down a flooded street after water levels lowered October 30, 2012 in Little Ferry, New Jersey. (credit: BRENDAN SMIALOWSKI/AFP/Getty Images)

Christie Announces Buyout Plan For Homeowners Susceptible To Flooding

The governor announced the “willing seller” buyout plan Thursday, just before appearing in Sayreville, where about 270 homes were destroyed or severely damaged by a tidal surge during Sandy.

2013/05/16

The street in front of a home on Wynsum Lane is littered with contents of a flooded home in the aftermath of Superstorm Sandy on November 9, 2012 in Merrick, New York. (Photo by Bruce Bennett/Getty Images)

Federal Government: Buying Out Flooded Homes Is A Complex Process

The federal government is providing guidance for towns and states considering flood-related home buyouts, but it is not as simple as just writing a check.

2013/03/16

Governor Chris Christie, Housing and Urban Development Secretary Shaun Donovan and Mayor Dina Long walk down Ocean Avenue in Sea Bright, N.J. Feb. 7, 2013. (Governor's Office/Tim Larsen)

HUD Secretary Discusses Ways To Cut Sandy Red Tape, Meets With Gov. Christie

As the federal government releases its first batches of aid for recovery from superstorm Sandy, Shaun Donovan, the Secretary of Housing and Urban Development, has been visiting some of the areas hardest hit.

2013/02/07