Buy Out

New Jersey News

Seeking Patience, Christie Announces Some Sandy Buyouts

Tuesday, July 16, 2013

The state of New Jersey has issued its first round of buyout offers for Sandy-ravaged homes in Sayreville — and Governor Chris Christie says dozens more offers are on the way.


New Jersey News

At Jersey Shore, Some Push for Buy Outs

Friday, April 05, 2013

While a strong contingent of people — from beach front homeowners to Governor Chris Christie — are all for rebuilding the New Jersey shore, some others are saying the properties should be bought out and restored as a natural habitat area.

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Lessons of Flood Buyouts from Around the Country

Wednesday, April 03, 2013

A couple dozen homeowners on Staten Island’s South Shore registered Tuesday to have their Sandy-damaged homes bought by New York state. They are the first of potentially hundreds of Sandy victims in both New York and New Jersey who may choose to sell their homes rather than repair them.

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Bloomberg Finalizes Plan to Buy Out Sandy-Damged Homes

Friday, March 22, 2013

The Bloomberg administration has finalized plans for the first tranche of federal Sandy aid, including a program that would let the city buy damaged properties from willing homeowners and resell them to others for more development.

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Interest in Sandy Buyouts Intensifies

Tuesday, March 12, 2013

New York Governor Andrew Cuomo’s proposal to buy out properties damaged by Sandy is catching on. At least five communities on Staten Island have organized efforts to take advantage of the buy-outs and hundreds of homeowners have expressed interest.

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Bloomberg to Offer Own Sandy Buy-Out Plan, with a Twist

Monday, March 04, 2013

Weeks after Gov. Cuomo proposed buying out homeowners in flood-prone areas, the Bloomberg administration is indicating that it will offer a similar program. But the mayor’s program could turn over acquired properties to someone else to be developed again.

Unlike Previous Disasters, Few Tax Breaks After Sandy

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For Some Struggling on Staten Island, Buy-Outs Welcome

Monday, February 04, 2013

Some of the yellow demolition machines sit idle in now-vacant lots. Some are busy filling trucks with debris. The nearby homes that aren’t at some stage of being torn down in the Oakwood Beach section of Staten Island may soon meet the same fate. At least that’s what more than 130 of the residents in the area are hoping for.