New Jersey adds $75M to flooded-home buyout program

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Bound Brook flood, Hurricane Irene, new jersey

WAYNE PARRY / AP / US NEWS & WORLD REPORT – New Jersey is adding another $75 million to its program to buy and demolish homes in flood-prone areas, this time in a Raritan Bay community that was damaged by Superstorm Sandy.

Republican Gov. Chris Christie announced Monday that the state is adding money to its Blue Acres program for Keansburg and other communities.

It’s designed to buy and knock down homes in areas that flood repeatedly. But none of the 689 homes bought under the program has been along the ocean. Instead, many have been along rivers and bays, which also have received flood damage …

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