Mantoloking has published their November 26, 2013 council meetings power point presentation Super Storm Sandy Update #18 on their web-site. After reviewing the presentation it is evident that Mantoloking is making progress towards a full recovery. Sediment removal from the Bay continues and is expected to be completed by mid December.All remaining damaged properties are expected to be removed by the end of the year and the Rt 35 project is expected to be completed by May of 2014. Unfortunately The Borough Hall building has to be demolished and Ocean County has agreed to assist Mantoloking with this project. The new building committee should have an action plan in place by the end of the year.
The borough has signed a contract with the DEP for 40 Million dollars for continuation of the sheet metal revetment program which needs to be completed prior to the army corp of engineers commencing their dune replenishment project in June of 2014. The council also announced that the firehouse has been temporarily relocated to Bay and Herbert Street and once the water pump station work is completed on Downer Ave the Firemen will be able to go home. View the Power Point Presentation Here.
Support Critical Delays to Flood Insurance Rate Hikes
Last week, the National Association of REALTORS® issued a Call for Action to build support for the “Homeowner Flood Insurance Affordability Act.”
It is critical that you take action and tell your representatives in Washington that you support legislation to halt flood insurance rate increases for four years until FEMA can complete its mandatory flood insurance affordability study. This legislation has a direct impact on New Jersey - the flood insurance rate increases are pricing families out of their homes and are making it difficult for new families to purchase properties requiring flood insurance in order to obtain a mortgage. The delay is vital for those living in or selling real estate in flood prone areas, from those along the Jersey Shore to those in areas near rivers and lakes in the Garden State.
Following the bill's introduction in Congress, many members of Congress have publicly stated their opposition to the bill, raising concerns for REALTORS® whose communities and businesses are directly impacted by the rate increases. Worse, FEMA's administrator has also publicly opposed delaying the rate increases.
With this opposition from officials in Washington, it is more important than ever that you support the REALTORS® Call For Action and tell Congress that FEMA must first conduct its mandated affordability study before imposing unrealistic rate increases on millions of American citizens, creating severe economic hardships for property owners and harming the still-recovering real estate market.
Click here to send a pre-written letter to your representatives in Washington in support of the "Homeowner Flood Insurance Affordability Act."
If you have any questions about this legislation, please contact NJAR®'s Government Affairs Department at (732) 494-5616.
HOWELL — Several homes in the Moors Landing development that were badly damaged by Tropical Storm Irene in 2011 and superstorm Sandy in 2012 are being purchased by Howell. The homes will be demolished, and the property on which they stood will remain as open space. Read The Full Article Here Tri-Town News
A little late on posting this but public comment ends tomorrow so it's important to get this out there.
N.J. seeks to shift federal Sandy funds. The Department of Community affairs seeks to transfer160 million in federal money from funds designated for grants and forgivable loans to small businesses.
Highlights:
The program would add $110 million to the Reconstruction, Rehabilitation, Elevation, and Mitigation (RREM) Program to allow between 800 to 1,100 Sandy-impacted families currently on the waitlist to receive a RREM grant. This grant provides up to $150,000 to help homeowners impacted by Sandy repair or rebuild their home. The program, which closed its application period on August 1, 2013, has previously reserved funding for approximately 4,300 homeowners, but more than 8,700 households remain on the program’s waitlist.
The reallocation would also add $35 million to the Homeowner Resettlement Program to provide each of the more than 2,100 Sandy-impacted families on the program’s waitlist with a $10,000 grant to incentivize them to stay in their home community rather than relocating. With this funding reallocation, every eligible applicant who applied to the program before the August 1 deadline will now receive a Resettlement award.
The change would also set aside $15 million to support the demolition of unsafe Sandy-damaged structures in order to alleviate blight and address threats to public health and welfare.
Waters blames FEMA for not doing the job the Biggert-Waters Act intended them to do, failing when it comes to flood maps and an affordability study.
The Congresswoman's new legislation " The Homeowner Flood Insurance Affordability Act would delay flood insurance rate increases for 4 years and send FEMA back to the drawing board.
Thursday, November 7, 2013
Senator Cory Booker and Senator Menendez grilling HUD Secretary Donovan and FEMA's Fugate at congressional hearing on Hurricane Sandy Recovery.
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