So far, the state has funding for 424 buyouts statewide. The Department of Environmental Protection said 169 property owners have accepted buyout offers in South River and Sayreville.
Two neighborhood residents drowned when Sandy struck. Rushing floodwaters knocked down 20 houses. Most of the rest were badly damaged.
Hit hard by Superstorm Sandy a year ago, the Oakwood Beach neighborhood of Staten Island has become the first officially to give up on rebuilding.
Hundreds of New Jersey residents eligible for a buyout but unconvinced the offer will be high enough for them to move
The buyout offers homeowners the pre-storm market value for their home, through a $300 million program introduced by Gov. Christie in May.
Sen. Robert Menendez says almost 130 homeowners are being offered pre-Sandy value for their properties.
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.
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.
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.
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.
The New York Times has offered buyout packages to 30 newsroom staffers, and a report Monday said layoffs could follow.