Dive Brief:
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New Jersey has spent more than $1 billion to replace or restore homes that suffered damage or were destroyed by Hurricane Sandy in October 2012.
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Gov. Chris Christie’s office said the state has approved more than $25 million in zero-interest loans for affordable housing and $12 million in interest-free mortgages to moderate-income, first-time homebuyers.
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In addition, $7.3 million has gone to subsidize the development of affordable rental housing, and $169 million is helping with repairs of multifamily buildings.
Dive Insight:
New Jersey homeowners have until Wednesday to file sworn “proof of loss” claims to be eligible for FEMA funding.