Establishes a Whole-Home Repairs Program in New Jersey to provide grants and loans for necessary repairs.
The bill establishes a Whole-Home Repairs Program within the New Jersey Housing and Mortgage Finance Agency. It appropriates $25 million to fund grants for eligible homeowners and loans for eligible landlords to address physical accessibility, habitability, safety, energy efficiency, and other conditions. The program prioritizes low-income households, seniors, and persons with disabilities. It also mandates that any residential unit receiving assistance remain affordable to low- and moderate-income households.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.