Establishes "Security Deposit Assistance Pilot Program" in Passaic, Union, Essex, Hudson, Gloucester, Atlantic, Camden, and Mercer counties; appropriates $400,000.
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Progress
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- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill creates the ‘Security Deposit Assistance Pilot Program’ in eight New Jersey counties – Passaic, Union, Essex, Hudson, Gloucester, Atlantic, Camden, and Mercer – to help low-income households afford security deposits for rental housing. The program will be overseen by the Commissioner of Community Affairs and will provide financial assistance to landlords for lease violations. It allocates $400,000 from the state’s general fund to establish a dedicated ‘security deposit assistance fund’ to support the program’s operations.
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