After Sandy Soaring flood insurance crisis in New Jersey
George Kasimos works to repair his waterfront home in Toms River as new federal advisory flood maps place his property in the velocity zone threatening higher costs. If confirmed he would need to elevate his house 14 feet at about $150,000 or risk penalties up to $30,000 for noncompliance.
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Congress
Rising flood costs push homeowners to lift homes after Sandy
Residents in New Jersey and New York confront costly flood elevation options as FEMA finalizes maps. Aid funds totaling about 950 million may defray some repairs, but distribution remains unclear. Many middle class families face steep costs from tens of thousands to six figures and uncertain timelines.
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