New Jersey News
Grant program to aid NJ tenants affected by Hurricane Sandy
TRENTON, N.J. (WABC) -- New Jersey has launched a $40 million grant program to encourage landlords to rent vacant properties to low- and moderate-income tenants affected by Superstorm Sandy.
The Landlord Incentive program covers about 30 percent of monthly rents for qualifying tenants. The rates paid would vary slightly based on the number of bedrooms in the rental, the county and the tenant's income.
The program will be in effect for two years and is paid for with federal Community Development Block Grant funds the state has received.
State Community Affairs Department officials say the program aims to help 1,000 families and increase the state's affordable-housing stock in areas of the state affected by Sandy. Rental property owners must apply with the department to participate in the program.
new jersey, superstorm sandy, new jersey news
- Snow Alert issued in NYC for Tuesday 41 min ago
- Live: Eyewitness News on 7online streamed live!
- Get WATCH ABC for your mobile device
- iWitness Photos and Videos
- Multiple people injured in Toms River bus accident 17 min ago
- Wintry mix causes slick roads, massive pileup
- NJ Transit cross-honoring tickets system-wide
- Nelson Mandela memorial set for Tuesday in Soweto
- Obama to pay tribute to Mandela in South Africa
- Tough new NYC cockroaches can withstand winter cold
- No tailgating to be allowed at NY/NJ Super Bowl 37 min ago
- Newtown families create website to honor Sandy Hook victims 18 min ago
- Photos: Bronx River Parkway crash
- Photos: AccuWeather Forecast in pictures
- Snow Alert issued in NYC for Tuesday
41 min ago