Establishes the Security Deposit Assistance Pilot Program to help low-income households in eight New Jersey counties pay security deposits.

The bill establishes the Security Deposit Assistance Pilot Program in Passaic, Union, Essex, Hudson, Gloucester, Atlantic, Camden, and Mercer counties. The program provides letters of security deposit commitment to eligible households, allowing them to enter into lease agreements without full security deposit payments. Eligibility is limited to households with incomes qualifying for "very low income housing" and where monthly rent does not exceed 40% of household income.

Establishes the Security Deposit Assistance Pilot Program to help low-income households in eight New Jersey counties pay security deposits.

The bill establishes the Security Deposit Assistance Pilot Program in Passaic, Union, Essex, Hudson, Gloucester, Atlantic, Camden, and Mercer counties. The program provides letters of security deposit commitment to eligible households, allowing them to enter into lease agreements without full security deposit payments. Eligibility is limited to households with incomes qualifying for "very low income housing" and where monthly rent does not exceed 40% of household income.