The state will provide at least $100 million in assistance to low- and moderate-income renters impacted by the COVID-19 crisis, under a program announced Friday by Gov. Phil Murphy.
The relief program, which will open for applications in July, will begin paying rental assistance in September to a pool that includes the homeless or those who are at risk of homelessness, according to a news release. Qualifying households will be expected to pay 30 percent of their income toward rent, while the program would pay the remainder directly to landlords, up to the Department of Community Affairs’ fair market rent payment standard.
