MANVILLE - Officials in one flood-prone Somerset County town are offering property owners the chance to sell for the first time since 1999.

Manville officials say flooding from Hurricane Irene and remnants of Tropical Storm Lee swamped about 1,000 of the borough's 3,000 homes.

FEMA awarded New Jersey $48.3 million to fund buyouts, raise elevations and other flood mitigation projects. Nearly $40 million would buy 200 homes in Lambertville, Lincoln Park, Little Falls, Neptune, Nutley, Pompton Lakes, Ocean and Wayne. Municipalities can also seek money from a $24 million Blue Acres fund.

Manville spent $6 million to buy 38 homes out of about 600 that applied to sell in 1999. Once homes are bought out they are torn down and the property becomes open space.