Flood Insurance

Flood Mitigation Buy-out Program Benefits NJ Flood Victims

The effects of 2011’s Hurricane Irene are still being felt by homeowners in the Morris County region of New Jersey. Recently though, a Flood Mitigation Program was implemented. This innovative program will work toward purchasing “flood-prone residential properties and converting them to permanently preserved open space.” This program is touted as the first of its kind to be undertaken at a county level and will “assist municipalities in the acquisition of residential properties only.” The program also requires the expansion of the flood plain mitigation efforts under the county’s open space initiative.

The initial projections are that the program will …

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