New Jersey homeowners have a new opportunity to receive grant money. Governor Chris Christie announced Monday, the new grant program will assist homeowners with as much as $30,000 to elevate homes affected by Superstorm Sandy. The program consists of $100 million of Federal Emergency Management Agency hazard mitigation grant money, and devises to help about 2,700 homeowners. Governor Christie stated, “Home elevation significantly reduces the risk of property damage. This is an important step to making us stronger than the storm.”
New Jersey issued criteria to disburse the grants. According to the program, “Applicants will not face income restrictions nor did they need to register with FEMA for aid following the storm.” Unfortunately, due to federal restrictions homeowners that have already completed or recently started elevation work will not be eligible to the grant. Furthermore, houses must be in the 100-year flood plains and be located within the nine counties that suffered the most debilitating damage. Governor Christie explained, “Homeowners can apply to multiple programs but if accepted to more than one grant program run through the state, they can only choose one.” Grants will be determined based on the cost of the project, while taking into account any insurance payouts, FEMA assistance and non-profit programs. Priority will be based off the necessity of elevation and the damage a house endured due to the storm.
If the funds do not cover the number of applicants, New Jersey will institute a lottery system. To apply for the program, call 855-726-3946, go to http://www.renewjerseystronger.org or visit one of nine housing recovery centers within the state. The deadline to apply is September 15, 2013.