superstorm sandy homeowners protection act s-532

The program is funded with $9.5 million in federal Social Services Block Grant (SSBG) funds appropriated under the Disaster Relief Appropriations Act of 2013 and made available by the U.S. The State has a request pending with the federal Office of Management and Budget for an extension of that deadline. Rental Assistance Program funds will be available until funding is exhausted, but all of the money must be expended by September 30, 2015.

The HMFA, which is administering the program, estimates that the Rental Assistance Program will be able to assist approximately 1,750 Sandy-impacted homeowners, assuming maximum assistance of $4,950 per household for the full six months. “If paying a mortgage and rental payment during this process creates a hardship, the Rental Assistance Program may be able to help.” “Rebuilding, repairing or elevating a home puts a significant strain on families who are already shouldering a great financial burden,” said HMFA Executive Director Anthony L. Funds for the program are limited and will be distributed on a first-come, first-served basis to approved applicants. The program application form is available online at Applicants who do not have access to computer resources can contact 1-800-NJHOUSE for assistance. Trenton, NJ – The New Jersey Housing and Mortgage Finance Agency (HMFA) today began accepting applications for the Rental Assistance Program (RAP) to help homeowners in the State’s major home rebuilding programs pay for temporary housing while their primary residences are undergoing repair or elevation.Įligible homeowners in the Reconstruction, Rehabilitation, Elevation and Mitigation Program (RREM) and the LMI Homeowners Rebuilding Program (LMI Program) who have signed a grant agreement and are displaced due to the construction, rehabilitation or elevation of their home may be eligible for up to $825 per month for up to three months of rental assistance, and may receive up to three months of additional rental assistance if an extension is necessary and provided program funds are still available. Homeowners in the State’s Major Home Rebuilding Programs Can Apply to the Rental Assistance Program for Temporary Housing Aid While They Repair Their Homes

Superstorm sandy homeowners protection act s-532