Pallone Announces Additional $3.862 Million for Woodbridge Buyouts and Demolitions

-

WASHINGTON, DC – April 20,  2015 – (RealEstateRama) — Congressman Frank Pallone, Jr. (NJ-06) today announced that the New Jersey Department of Environmental Protection (NJDEP) will receive $3.862 million to continue to fund buyouts and demolition of flood prone properties in Woodbridge.  The funding is being provided by the Federal Emergency Management Agency (FEMA) via the Sandy aid package that Pallone fought for in Congress.  This grant comes in addition to $5.575 million already allocated to the buyout and demolition of properties in Woodbridge.  The funds for the Woodbridge buyout and demolition project are entirely federal, and are being awarded incrementally until all the designated properties are acquired and demolished.

“Homeowners in Woodbridge, who have endured repeated flood damage, will be brought much-needed relief with this next round of funding,” said Congressman Pallone.  “With weather growing more erratic and extreme due to climate change, I am pleased that the Sandy Aid package that I fought so hard for in Congress has allowed for steps like these buyouts to mitigate future storm damage and costs and take residents out of harm’s way.”

Pallone has met with a number of homeowners who have faced severe and repetitive damages to their homes from flooding, and he fought to secure funding for their buyouts.  In a March 2013 letter to Governor Christie on the State’s proposal to use Community Development Block Grant (CDBG) funding, Pallone called for full funding to aid the homeowners.

###

 

SHARE
Avatar

New Jersey RealEstateRama is an Internet based Real Estate News and Press Release distributor chanel of RealEstateRama for New Jersey Real Estate publishing community.

RealEstateRama staff editor manage to selection and verify the real estate news for State of New Jersey.

Contact:

Previous articleRUMANA: GOP READY TO TALK PROPERTY TAX REFORM ANYTIME, ANYWHERE
Next articleMulti-Family goes out with a Boom in March with almost $100 Million in Investment Sales Closed by Gebroe-Hammer Associates