The Northern Rivers Reconstruction Corporation (NRRC) provided an update on the Resilient Homes Program at a video media conference earlier today.

The central topics discussed were the process for determining eligibility and the timeframe involved and the fact that CEO David Witherdin and his NRRC team would become part of the NSW Reconstruction Authority as of this Saturday, July 1.

The reason to do this streamline the processes state-wide after the NRRC was set up very quickly to deal with the Northern Rivers February 28, 2022, natural disaster. More flooding followed in different parts of the state like the Nepean/Hawkesbury, Western Sydney and Cabonne in the central west.

The LismoreApp was particularly keen to gather feedback regarding the NRRC decision to model buybacks using the 1 in a 500-year flood, which is a maximum height of 13.5m in Lismore.

This means that some who were impacted in the 1 in the 2000-year flood, which is 13.6m and above (2022 flood was 14.4m), and were rescued off their roof, may not be considered at high risk.

The rhetoric is now that the likelihood of an event occurring again on such a scale is very low.

"We are prioritising those who are most at risk to start with and working our way through from there," he said.

"We still have plenty of runway (funding) in front of us, before we complete this process."

It was also stated that the current process is the first run-through of offers, however, as stated by Mr Draper, there is potential for more scope if funding is available after the priority applications are dealt with.

In a controversial admission, NSW Reconstruction Authority CEO Simon Draper corrected earlier public assessments of the total homes that would fall under the buyback scheme.

According to Mr Draper, the total figure has been misunderstood, stating that total buybacks were not 2000 homes, but a total of 2000 homes that fall under the entire package of buybacks, retrofits and house raising.

Mr Draper clarified the total amount.

"The 2000 homes were across all of those treatments (buybacks, retrofit and house raisings)," he said.

Mr Draper also gave an update on the money spent so far.

"We still got a long way to go with this round (of money); we still have a lot of runway before us before we complete that part of the process."

What that means is, for example, in South Lismore, currently, 62 offers have been made out of an expected amount of 736 in total for Lismore. 

So currently, only a little of the $700 million has been allocated. 

What type of extra funding is required will become clear once offers are accepted. 

In other matters regarding the number of offers made and who is eligible, Mr Draper said all residents would be advised of their eligibility this week. 

"That's happening this week, as in recent weeks, there has been a flurry of activity to contact those registered in the program," he said.

"There are still some people to work through, that is happening this week, and we expect that to be completed by the end of this month."

With thousands of homeowners contacted in the next three days to inform the entire 6,471 people who registered for the Resilient Homes Program, there will be some unhappy homeowners in that number.