Local news- Press Release
Township of Franklin New Jersey - Blue Acres Program 02 February 2024 ( news )
Township of Franklin , state New Jersey ( By Press Release office)
Feb 02,2024
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Through the Blue Acres program , homeowners have the option to voluntarily sell their flood - prone homes to NJDEP , providing a path for recovery and minimizing hazards .
What is Blue Acres?
Blue Acresis a voluntary , state - led flood buyout program that works with willing sellers to purchase their home that has been damaged by storm events or is prone to future flooding . To assist homeowners with flood recovery and prevention , Blue Acres offers Fair Market Value and evaluates participants for supplemental assistance or incentives , which are monies available in addition to the value of the home , to help ensure that offer amounts allow homeowners to pay off existing debt on the home ( mortgage , liens , etc . ) and have some proceeds from the sale to secure comparable replacement housing that is safe and outside of flood - prone areas .
Apply for a Flood Buyout ASAP
Homeowners who wish to participate in the voluntary flood buyout program must express interest in a buyout by applying directly to the program . Blue Acres buyouts are strictly voluntary , and homeowners can change their mind or withdraw from participation at any time .
Submit a Blue Acres Buyout Application today!
Homeowners who need additional support in completing the buyout application should contact Blue Acres . Program staff can walk homeowners through the application or complete it on their behalf as needed . This help is available in both English and Spanish . Buyout information on the Blue Acres website can be translated into several languages via the web browser as well .
Why should homeowners sell to Blue Acres?
The option of selling to Blue Acres is entirely voluntary from start to finish . Flood buyouts allow homeowners to:
•Move out of harm’s way and regain a sense of security
•Recoup financial investments in a home that is storm damaged and flood - prone
•Break the cycle of flooding , rebuilding , and flooding again
When a homeowner sells their property to the State of NJ , structures are demolished and the land becomes permanent open space , creating opportunities for enhanced flood storage , passive recreation activities and ecological restoration . Local governments and neighbors are encouraged to help with post buyout land use visioning to ensure the future open space serves several community benefits .
Homeowners who have already applied to Blue Acres
Homeowners who have already applied to Blue Acres do not need to submit a second buyout application but can inquire via
emailor phone about their ongoing interest in a buyout .
To date , in the aftermath of Hurricane Ida in September 2021 , Blue Acres requested and/or received federal funding for nearly 200 homes across the State . Homeowners that were already notified of their property’s inclusion in a request for federal buyout funding should reach out to Blue Acres for a current update and to share any details regarding changes to their situation following the most recent flood event . Blue Acres will do our best to assist homeowners who warrant special considerations , such as those under prolonged displacement from a primary residence or those with household vulnerabilities due to age , infirmity , or physical disabilities .
Questions or concerns?
Homeowners can reach out directly to Brian Caycho , Blue Acres program specialist , at ( 609 ) 954 - 0982 or via email at
Brian . Caycho@dep . nj . gov
. Se habla Español .
Other Blue Acres program staff are glad to answer questions and address concerns regarding the
buyout process
, offer formulation policies , and more .
Local government officials can reach out to Blue Acres staff and may visit the
Blue Acres Local governments web pagefor additional information and resources .
Blue Acres buyout info flyer_bilingual
Blue Acres | Office of Climate Resilience New Jersey Department of Environmental Protection
Email:
blueacres@dep . nj . gov
Office: ( 609 ) 940 - 4140
Website:
Blue Acres
https://dep . nj . gov/blueacres/
401 East State Street | P . O . Box 420 | Mail Code 401 - 07B |Trenton , NJ 08625 - 0420
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