NEPTUNE - New details were revealed Monday about the Sandy Homebuyer Assistance Program in Neptune.

Low- and moderate-income families can receive a forgivable, interest-free $50,000 loan if they purchase a home in one of nine New Jersey counties hardest hit by Sandy.

If they live in the house for five years, they do not have to repay the loan.

There is $25 million available through this program, which is aimed at keeping residents living in Sandy-devastated communities.