Program makes 1st buyout of Sandy-damaged home

A Linden home damaged by Superstorm Sandy is the first to close as part of the state's buyout program. The Superstorm Sandy Blue Acres buyout program gives homeowners the option to sell homes damaged

News 12 Staff

Oct 30, 2015, 1:11 AM

Updated 3,090 days ago

Share:

Program makes 1st buyout of Sandy-damaged home
A Linden home damaged by Superstorm Sandy is the first to close as part of the state's buyout program.
The Superstorm Sandy Blue Acres buyout program gives homeowners the option to sell homes damaged by Sandy at pre-storm value in flood-prone areas.
Jean and Leonard Kostak, of Linden, are the first to sell their house through the program. The Kostaks say they bought their home in the 1960s and raised three children there, but when the Department of Environmental Protection offered to buy it, they said yes.
"Now we will be out of harm's way ... once in a lifetime is enough," says Leonard.
About 40 homes in Linden are eligible for the buyout.
The program is the first in New Jersey to use funding from the U.S. Department of Housing and Urban Development. The agency has set aside $100 million for the program. Prior to that, the money came from FEMA.


More from News 12
2:37
Tax Day 2024 deals at Krispy Kreme, Grubhub, Dave & Busters

Tax Day 2024 deals at Krispy Kreme, Grubhub, Dave & Busters

1:43
Mostly sunny in New Jersey with highs near 80; thunderstorms tonight in Ocean County

Mostly sunny in New Jersey with highs near 80; thunderstorms tonight in Ocean County

2:20
New Jersey synagogues on high alert after Iran attacks Israel

New Jersey synagogues on high alert after Iran attacks Israel

0:28
NJ man sentenced to serve 15 years in prison for 2023 sexual assault, kidnapping at Farleigh Dickinson University

NJ man sentenced to serve 15 years in prison for 2023 sexual assault, kidnapping at Farleigh Dickinson University

0:38
Ridgewood's Scottie Scheffler unstoppable and wins another Masters green jacket

Ridgewood's Scottie Scheffler unstoppable and wins another Masters green jacket

1:47
Food labels can sometimes be misleading. Kane In Your Corner explains what to look out for.

Food labels can sometimes be misleading. Kane In Your Corner explains what to look out for.

0:28
New Jersey Turnpike Authority warns users of text message scam

New Jersey Turnpike Authority warns users of text message scam

0:29
Travel advisory: Lane closures planned this week at many bridge, tunnel crossings in and out of New Jersey

Travel advisory: Lane closures planned this week at many bridge, tunnel crossings in and out of New Jersey

0:22
Passaic Valley Water Commission to begin annual hydrant flushing today

Passaic Valley Water Commission to begin annual hydrant flushing today

2:33
Made In New Jersey: Unionwear in Newark makes clothes for union members nationwide

Made In New Jersey: Unionwear in Newark makes clothes for union members nationwide

4:39
Guide: Ways to help you identify and deal with work burnout

Guide: Ways to help you identify and deal with work burnout

1:21
NJ residents who have family in Israel worried over their safety amid Iran's attack on Middle Eastern country

NJ residents who have family in Israel worried over their safety amid Iran's attack on Middle Eastern country

0:19
Police: 3 injured in Paterson shooting

Police: 3 injured in Paterson shooting

0:28
Israel is quiet on next steps against Iran — and on which partners helped shoot down missiles

Israel is quiet on next steps against Iran — and on which partners helped shoot down missiles

0:21
Police: Suspect arrested for fatally shooting man in Trenton

Police: Suspect arrested for fatally shooting man in Trenton

0:25
Police: Man who punched 9-year-old girl at Grand Central Terminal arrested

Police: Man who punched 9-year-old girl at Grand Central Terminal arrested

0:44
NJ Attorney General announces heightened safety measures amid tensions in Middle East

NJ Attorney General announces heightened safety measures amid tensions in Middle East

2:36
'She was the glue.' Loved ones call for justice for Passaic woman killed in hit-and-run

'She was the glue.' Loved ones call for justice for Passaic woman killed in hit-and-run

0:32
Prosecutors: Howell woman indicted in Monmouth County crash that killed 3-year-old

Prosecutors: Howell woman indicted in Monmouth County crash that killed 3-year-old

2:04
CDC: Most women do not get a mammogram because of financial difficulties

CDC: Most women do not get a mammogram because of financial difficulties