Millions in federal money to fund Shore structure elevations

New Jersey’s two senators have announced more than $7 million in federal funding to assist in elevating dozens of structures at the Jersey Shore.

In a joint news release, U.S. Senators Bob Menendez and Cory Booker say the Federal Emergency Management Agency (FEMA) is offering $7,467,937.26 to raise structures in Cape May County’s Special Flood Hazard Area.

A typical structure elevation costs more than $100,000 in many cases.

Properties within a Special Flood Hazard Area have a 1% or greater chance of flooding in any given year, and at least a 26% chance of flooding over the life of a typical 30-year mortgage, according to FEMA.

The structures will be elevated to at least two feet above the Base Flood Elevation and will be designed and constructed in accordance with the National Flood Insurance Program standards.

Menendez says the funding will result in stronger, more resilient structures.

“Through sensible mitigation efforts, like elevation, we can save lives, protect families, protect commercial structures and safeguard entire communities,” he said.

The elevation is an “important part” of New Jersey’s ongoing resiliency efforts, according to Booker.

“Devastation from natural disasters like Hurricane Sandy underscore the importance of ensuring our families are out of harm’s way,” he said. “This federal investment in the strength of New Jersey communities will help mitigate against future disasters and save lives.”