It's been two months since Super Storm Sandy hit the Jersey Shore, and Little Egg Harbor homeowners are frustrated.
That was clear at a meeting last night attended by more than 900 Little Egg Harbor and Tuckerton residents and representatives from the Federal Emergency Management Administration and local officials.
Little Egg officials have projected that more than 5,000 homes were substantially damaged in the storm, and many of those residents remain displaced.
The standing room only crowd in the Pinelands High School Auditorium questioned the new FEMA Advisory Flood Plan Elevation maps for Little Egg Harbor, which suggest raising the base home elevation to 12 feet and where the money would come from to raise homes below that 12 foot mark. Currently the base flood elevation for the Mystic Island section of Little Egg Harbor is 8 feet.
According to local officials and FEMA reps, any home that sustained damage of more than 50% of the home's assessed value (not the total assessed value but the building value) would have to be rebuilt to the new elevation guidelines.
There are loans available for raising flood damaged homes in Little Egg Harbor to meet the 12 foot requirement. To qualify for these funds, Little Egg Harbor home owners must register with FEMA before January 28, 2013. You can apply for FEMA assistance online or at one of the FEMA Recovery Centers.
It's obvious that the Little Egg Harbor and Jersey Shore Super Storm Sandy recovery is just beginning...and it will have a lasting impact on the Little Egg Harbor housing market.
If you'd like information about the Jersey Shore housing market post Super Storm Sandy, contact Little Egg Harbor REALTOR® Laura Giannotta at 609-384-6121.