One home in Belmar under total reconstruction remains in New Jersey's rebuilding program.
NEPTUNE, NJ — More than six years after Superstorm Sandy, some 1,000 New Jerseyans who are still rebuilding their homes will get more help from the state and federal government.
During a visit earlier this week to the Shark River Municipal Marina in Neptune, Gov. Phil Murphy announced three changes for homeowners who remain in the Reconstruction, Rehabilitation, Elevation and Mitigation (RREM) Program and the Low-to-Moderate Income (LMI) Homeowner Rebuilding Program:
- The maximum grant award of $150,000 to rebuild a primary residence has been lifted.
- Because the grant award has not been sufficient for some homeowners to complete rebuilding, $50 million more in federal funds has been redirected to the RREM and LMI programs to cover the additional construction costs.
- Federal rental assistance of up to $1,300 per month has been increased from 21 months to 40 months.
“My administration’s goal is to get more funding into the hands of Sandy-impacted families who have run out of money and legitimately need additional resources to finish construction,” Gov. Murphy said. “Federal approval of our plan puts us one significant step closer to making this a reality. “
Also eligible for the supplemental funding are homeowners who may have already returned home, but still need to elevate their dwellings in order to be above base flood minimum standards, according to Lisa Ryan, director of strategic communication in the Sandy Recovery Division of the state Department of Community Affairs (DCA).
In Belmar and Lake Como, there currently are no homeowners in the RREM Program who are still in construction, and there is one Belmar homeowner in the LMI Program who is in the process of completing a total reconstruction, Ryan said. The name of that property owner was not disclosed.
According to a press release from the governor’s office, DCA plans to make applications for the supplemental fund available in early summer.
Its Sandy Recovery Division hosted outreach sessions about the supplemental fund in March to packed rooms in communities such as Atlantic City, Brick, Little Ferry, Toms River and Union Beach.
Awards from the supplemental fund will be uncapped, will be calculated based on the remaining program-eligible work needed to finish the project and will take into account other funding sources. Homeowners who accept a supplemental fund award will be required to live in the home for five years following construction completion.
For more information, visit the DCA's Renew Jersey Stronger website by clicking here.