These people are insane. Then again, this is Democrat NJ.
No, they are just doing the right thing for the wrong reasons, but I'm OK with that.
They are buying and moving people out of low areas that are prone to natural disaster flooding.
This is a much better approach than gummint covered insurance, where, every 5-10 years, mother nature comes through, and decimates everything, and we the people, pay to rebuild, right where the same cycle will re-occur in another short period of time.
Go down the Florida coast, {I've been doing it for the last 50 years} and look at the gummint covered insurance plans {because regular insurance companies will not buy into a losing deal} that cover these coastal homes that WILL BE DESTROYED.
Look at Houston, it is destined to be under water, but every 20 years we will bail it out.
I applaud the idiot NJ fools, not because they are smart, but because they are so stupid, they will save us money.