LITTLE FERRY - Residents in Little Ferry hit hard by Sandy may be facing unexpected costs to elevate their homes.

Having spent thousands on repairing their homes, nearly 70 homeowners are facing yet another financial crisis. Federal guidelines mandate that a home must have sustained 51 percent of its assessed value in storm damage in order to be raised.

However, many people say they've already spent their insurance payouts and wish they knew of these regulations sooner.

"We don't have direct access to the federal insurance information," says Borough Administrator Michael Capabianco. "So what's happening is we get that information after the fact and some people have already done it."

Local officials are urging homeowners to file appeals.