Has your home or rental property been damaged by Superstorm Sandy and you need financial assistance to repair or rebuild?
With a focus on the most impacted communities throughout the state, New Jersey is offering aid through grant awards to Homeowners who were impacted by Superstorm Sandy. This website provides important information to you on federally funded programs that have been designed to assist in the repair and rebuilding of primary owner occupied residences.
Sandy Homebuyer Assistance Program: This program provides up to $50,000 to assist eligible low- and moderate-income households in purchasing a home in Sandy-impacted communities. As of September 30, 2013, the Sandy Homebuyer Assistance Program is no longer accepting pre-applications. Applications received through September 30, 2013 will continue to be processed on a first-come, first-serve basis.
Hazard Mitigation Grant Program (HMGP) Elevation Program: This reimbursement program provides up to $30,000 to assist homeowners with the elevation of their primary single-family residences in line with the flood insurance risk maps in affected communities. As of September 16, 2013, the HMGP Elevation Program is no longer accepting applications.
Homeowner Resettlement: This program provides a $10,000 grant award to eligible Homeowners whose primary residence was damaged by Superstorm Sandy. This program requires you to remain in or return to Sandy impacted communities. As of August 1, 2013, the Resettlement Program is no longer accepting applications.
Homeowner Reconstruction, Rehabilitation, Elevation and Mitigation (RREM): This program provides up to $150,000 for eligible Homeowners to repair, elevate or rebuild their primary residences in the affected communities. As of August 1, 2013, the RREM Program is no longer accepting applications.
Are you a Landlord with rental units that suffered damage as a result of Superstorm Sandy and you need financial assistance to repair those damaged units?
New Jersey is offering assistance to repair rental property through funding awards to landlords who were impacted by Superstorm Sandy.
Landlord Rental Repair Program (LRRP): This program provides up to $50,000 per unit to assist eligible owners of rental property to repair rental property damaged by Superstorm Sandy. Upon completion of repairs, the owner must then rent the repaired units to low and moderate income families at approved affordable rents. As of November 15th, 2013, the Landlord Rental Repair Program is no longer accepting applications.
Landlord Incentive Program (LIP): This program provides rental property owners roughly the difference between 30% of a tenant’s monthly income and federal fair market rents each month over a two-year period and allows rental property owners to provide affordable rental housing.