N.J. homeowners behind on mortgage can apply for $35K in emergency COVID relief

Published: Jan. 24, 2022

Certain New Jerseyans in need of emergency mortgage relief because of the coronavirus pandemic will soon be eligible to apply for up to $35,000 in aid, Gov. Phil Murphy announced Monday.

The money will come from $325 million in federal money as part of the American Rescue Plan. Registration to apply for the money will begin on Feb. 8.

“Under this new program, eligible homeowners can receive up to $35,000 to cover mortgage arrearages, delinquent property taxes, and other housing cost delinquencies for those who were negatively impacted by the pandemic,” Murphy said during his latest COVID-19 briefing in Trenton.

“This can help protect thousands of homeowners from foreclosures and neighborhoods from being impacted,” he added.

According to the state, to qualify for the program homeowners must meet the following requirements:

  • Be a New Jersey homeowner with a demonstrated COVID-19-related financial hardship occurring after January 20, 2020.
  • Own and occupy an eligible primary residence.
  • Have an income below 150% of their Area Median Income.

People can find more information at njhousing.gov or by calling 855-647-7700.

Murphy made the announcement the same day the state reported another 24 confirmed COVID-19 deaths and 4,338 confirmed positive tests, the fewest single-day case total since Dec. 15, marking another promising sign the omicron variant may be declining just as quickly as it began sweeping through the state in mid-December.

The state’s seven-day average for new confirmed positive tests dropped for the 14th consecutive day Monday, to 8,743, down 49% from a week ago and 9% from a month ago. Monday marked the first time since Nov. 14 that the seven-day average was lower in the month-to-month comparison.

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published this page in News and Politics 2022-01-25 03:23:57 -0800