Last week's order by New Jersey's governor standardizing the rebuilding codes along the state's coast in the wake of Superstorm Sandy will help speed the process of rebuilding, but agents say property owners are just beginning to learn the implications it may have on their reconstruction decisions.
On Thursday, Jan. 24, New Jersey Gov. Chris Christie issued an emergency regulation aimed at helping property owners rebuild to a uniform standard throughout the state by adopting the Federal Emergency Management Agency's Advisory Base Flood Elevation.
Under the standard, property owners will need to build to construction requirements for a 100-year flood. Buildings will have to be rebuilt to the height standards outlined under the ABFE map, plus an additional foot to come into compliance with state law.
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