I have a question for the borough. Do they plan to seek grant funding from the government (as Oceanport has said it will be doing, in addition to hiring a consultant firm to assist) on BEHALF of the residents to help residents who are either under-insured, non-insured, or insured but costs will not cover ?Specifically related to house raising for those who are over 50%, must raise but FEMA/ICC finding will not be enough ? People from Oport getting quotes up to 100K for raising alone. Houses requiring pilings in V zones particularly will have incredibly high cost, and in order to raise, some may be required to rebuild. 250 + 30 K can't begin to cover. That is where grant money comes in to play. Will LS be applying on behalf of our residents? Will LS seek outside assistance/consultant to coordinate ?

1. For those who are not "substantially damaged" (over the 50%) but still had damage to homes, their flood insurance rates will rise. What options are available to these residents who may want to raise their homes either now or in the future ? Will they qualify for grants ?
2. For the "substantially damaged" (over 50%), all literature is stating "required to raise". Does raising and home repair need to be done together ? Meaning, can these folks repair their home interiors now, and raise later ? If so, what will be the time limit re:raising. After Katrina, I believe the people had several YEARS timeline to complete the (mandatory) raising.

I have an 'estimate' from the NFIP adjuster (Scott Peterson from Mason Claims Services), claiming the repair damage is $50,000, recoverable depreciation puts it at $75,000. The house on South Winding Way took on 2 foot of storm surge throughout. Preliminary estimates from builders who have seen the house are $160k, and that is 'tight'. Clearly this Adjuster is drastically lowballing. Things like depreciating a 2 yr old water heater to zero? And the lack of professionalism from this Adjuster. Not even licensed in NJ, not sure he is required to be. How do we go about countering this estimate? What is the process?

Homes in the new flood zone that should be raised but homeowners can't afford the high cost should see a serious downward adjustment in property taxes ...no?

How and when will we know if we are required to raise our homes and if so, who will be providing financial assistance/grant for such work.If it is not mandatory but recommended is funding still available? What time period are we looking at and what amount is allocated. This is a huge concern in regard to the future values and re-sale market to both the homeowners and the desirability of the town. Also, for the tax assessor, as we just had someone at our homes from the county prior to the storm, and now many of these homes are gutted with the change in it's current value and the uncertainty on what type of rebuild will be completed, is there consideration in our current taxes and will these properties be re-evaluated once rebuild is complete?