Small Landlord Emergency Grant Program

September 29, 2020September 29, 2020 by Duane Morris

New Jersey: Expansion and Reopening of Small Landlord Emergency Grant Program

On September 29, 2020, the New Jersey Housing Mortgage and Finance Agency (NJHMFA) announced the expansion and reopening of its Small Landlord Emergency Grant (SLEG) Program to assist vulnerable renters across New Jersey by covering their missed rent from April through July 2020.

The program will reopen Monday, September 28th, at noon and will run until Tuesday, October 13th at 4:00 p.m.

To read the full text of this post by Duane Morris partner Brad Molotsky, please visit the Duane Morris Project Development/Infrastructure/P3 Blog.

August 7, 2020August 31, 2020 by Duane Morris

New Jersey Makes $25M CARES Funds Available for Certain Small Landlords

On August 7, 2020, Governor Murphy announced the Small Landlord Emergency Grant (SLEG) Program, which will reimburse small residential rental property owners for lost rent revenue due to COVID-19 between April and July 2020. The program is structured to pass the benefit on to their tenants by requiring forgiveness of certain outstanding back rent and late fees. The rent forgiveness is in exchange for landlords receiving these funds from the state

To read the full text of this post by Duane Morris partner Brad Molotsky, please visit the Duane Morris Project Development/Infrastructure/P3 Blog.