Stone Harbor Receives $2.7M to Mitigate Flooding
- Business & Finance
The Christie Administration yesterday announced that Stone Harbor has been awarded a $2.7 million from the Department of Environmental Protection’s Flood Hazard Risk Reduction and Resiliency Grant Program.
The funding will be used to protect businesses and homes in the downtown area between 88th and 99th streets, Stone Harbor, NJ.
The Borough of Stone Harbor will provide an additional $300,000 toward the project.
DEP’s Flood Hazard Risk Reduction and Resiliency Grant Program is part of the Christie Administration’s multi-faceted and integrated approach to protecting coastal areas following the devastation of Superstorm Sandy in October 2012.
The $50 million Flood Hazard Risk Reduction and Resiliency Grant Program is funded by the U.S. Department of Housing and Urban Development (HUD) Community Development Block Grant Disaster Recovery (CDBG-DR) program.
During a first round of funding the DEP provided $18.8 million for projects to improve flood controls and provide ecological enhancements to a series of coastal lakes in Monmouth County that were severely impacted by Superstorm Sandy and flooded surrounding communities.
The program complements the Administration’s comprehensive Sandy recovery and resiliency efforts. These efforts include construction of engineered beaches and dunes and other flood mitigation strategies in partnership with the U.S. Army Corps of Engineers and HUD, Blue Acres buyouts of flood-prone residential properties, the DEP’s partnership with the New Jersey Environmental Infrastructure Trust to provide financing for hardening of water and wastewater infrastructure, and partnerships with HUD to protect urban areas of the state.