Buyback offers to reach 1,100 northern NSW homeowners, 500 fewer than hoped by agency boss

NRRC chief executive, David Witherdin, says 300 offers already made to flood-affected homeowners

• Get our morning and afternoon news emails, free app or daily news podcast

About 1,100 homeowners in flood-prone northern New South Wales will be offered buybacks this month, but the Northern Rivers Reconstruction Corporation says a further 500 properties would miss out due to a lack of funds.

About 300 owners have already been offered buybacks at pre-flood values and 130 have accepted. The NRRC’s chief executive, David Witherdin, said another 800 will receive offers over the next fortnight.

Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup