Frelinghuysen Welcomes Irene Flood Buyout12/13/11
U.S. Rep. Rodney Frelinghuysen (NJ-11) has welcomed news that New Jersey will receive $28 million in Federal Emergency Management Agency (FEMA) Hazard Mitigation Grant funding to “buy-out” nearly 130 properties in flood-ravaged areas in the northern and central part of the state as a result of Hurricane Irene on August 27 to September 5.
Of the eight of the communities receiving funding, six are located in the Passaic River Basin, in Essex, Morris and Passaic Counties
Funding became available to the State under a Major Presidential Disaster Declaration for Hurricane Irene.
The communities included in this series of property buyouts have experienced major flood events in recent years. The following flood mitigation projects in Morris, Essex and Passaic counties have been approved:
- $4,134,889 to the Borough of Lincoln Park, Morris County for the acquisition of approximately 18 residences along the Pompton River (Total Estimated cost: $ 5,513,186)
- $3,848,204 to the Township of Pequannock, Morris County, for the acquisition of approximately 15 residences along the Pompton River (Total Estimated cost: $5,130,938)
- $3,098,410 to the Township of Fairfield, Essex County, for the acquisition of approximately 12 residences along the Passaic River (Total Estimated Project cost: $4,131,214)
- $6,277,681 to the New Jersey Department of Environmental Protection (NJDEP) for the acquisition of approximately 56 residences in Wayne Township, Passaic County (Total Estimated Project cost: $8,370,241)
- $3,149,867 to the Borough of Pompton Lakes, Passaic County, for the acquisition of approximately 13 residences along the Pompton River (Total Estimated cost: $4,199,822)
- $2,944,041 to the Township of Little Falls, Passaic County, for the acquisition of approximately 15 residences along the Passaic River (Total Estimated Project cost: $3,925,388)
An additional 20 residences were eligible for flood mitigation projects in Somerset and Middlesex counties.
Seventy-five percent of the cost of the acquisitions is funded by FEMA with a 25 percent match for each project funded from NJ DEP’s Blue Acres Program. The homeowner’s participation in an acquisition measure is voluntary.
Floods have been and continue to be a frequent and costly natural hazard facing our State of New Jersey. For more information about reducing risk from floods, visit www.ready.nj.govor www.floodsmart.gov.