Governor Phil Murphy Makes Important Announcement For Homeowners

New Jersey Governor Phil Murphy recently announced legislation that requires anyone selling property to disclose history of flooding, alongside flood risk...

Photo byPhil Murphy via Wikimedia Commons

New Jersey Governor Phil Murphy recently announced important legislation that aims to protect homeowners and renters. "I’m proud to sign into law legislation that will significantly improve transparency for New Jersey consumers while protecting the interests of our hardworking homeowners and renters,” said Governor Phil Murphy.

“For far too long, countless New Jerseyans have lacked the critical information they not only need, but deserve, to make smart, forward-looking decisions for their properties and families," he continued. "In the aftermath of Tropical Storm Ida – and as flooding events continue to increase in frequency and severity – these requirements will help better prepare New Jersey homeowners and renters for extreme storms.”

“Purchasing a home or choosing a rental property in which to live and raise a family is one of the most impactful and long-term financial decisions that we enter in our lives,” said Lieutenant Governor Sheila Oliver. “The Department of Community Affairs supports legislation mandating that a home seller or landlord fully disclose whether a property is in a FEMA-designated Flood Hazard Area to potential homebuyers or property renters."

“Every New Jersey resident deserves to know the history and risk of flooding when making the consequential decision to buy or rent a home," said Commissioner of Environmental Protection Shawn M. LaTourette. “As New Jersey confronts more extreme weather, sea-level rise, and flooding, this disclosure law will empower residents and communities in building greater resilience to climate change. My Department of Environmental Protection colleagues and I applaud Governor Murphy, Senator Smith, Assemblyman McKeon, and our Legislature for enacting this critical new law, and pledge our continuing commitment to help reduce inland and coastal flood risks across the Garden State." 

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