good year for the Rumson and Fair Haven real estate market

Long Branch raises height requirements to rebuild, increasing repair costs for homeowners

LONG BRANCH — City officials amended their flood damage prevention ordinance Tuesday to raise the height requirements in the flood zones for new construction and substantially damaged structures.

The new plan will call for homeowners to build two feet above their advisory base flood elevations. It’s an approach that will cost them thousands now, but one officials believe can save homeowners as much as 66 percent on flood insurance down the road.

“If we didn’t require it, people’s flood insurance ... is going to be so catastrophically expensive, ([they’re) not going to be able to afford it,” said Mayor Adam Schneider.

Full Story