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Superstorm Sandy-Related Home Buyouts Continue In N.J.

SOUTH RIVER, N.J. (CBSNewYork/AP) - New Jersey officials have completed buyouts of eight homes damaged by Superstorm Sandy in South River as its program to buy and demolish storm-prone properties continues.

So far, the state has funding for 424 buyouts statewide.

The Department of Environmental Protection said 169 property owners have accepted buyout offers in South River and Sayreville. The two Middlesex County municipalities sustained significant flooding when Sandy's storm surge pushed from Raritan Bay into the South River.

Gov. Chris Christie is using $300 million in federal aid to help with the voluntary buyouts.

The state eventually hopes to buy 1,000 homes in areas affected by Sandy, as well as 300 more in other flood-prone towns.

The houses will be razed and the land returned to its natural state as a buffer against future storms.

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