TRENTON, NJ– Are you a landlord whose tenants have had difficulty making rent payments as a result of the COVID-19 emergency? The Small Landlord Emergency Grant (SLEG) Program from the New Jersey Housing and Mortgage Finance Agency is reopening and expanding to reimburse owners of three- to 30-unit rental properties for lost rent revenue due to COVID-19 between April and July 2020, as long as they agree to forgive outstanding back rent and late fees that their tenant accrued during this time.

Applications will be accepted from September 28 through October 13 at 4pm EDT.

To be eligible for the SLEG Program, the applicant and the applicant’s rental property must meet the following eligibility criteria: 

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  • The applicant is the Primary Property Owner of at least one small residential rental (i.e., not condominium or cooperative) property in New Jersey and is registered with New Jersey Department of Community Affairs’ Bureau of Housing Inspection.
  • The applicant is not a government entity or public housing authority.  
  • The applicant is current on all state and local tax obligations.  
  • The applicant’s property contains at least three and no more than 30 total housing units. 
  • The applicant’s property is not a seasonal or vacation rental property. 
  • The applicant’s property contains at least one non-vacant “COVID-impacted” unit with a net rent deficit between April and July 2020. This means that the total rent due from the tenant in this four-month period exceeds the amount paid by the tenant during this period.
  • The COVID-impacted unit(s) for which the applicant is seeking rent reimbursement have low-to-moderate rent levels. To view these rent thresholds, click HERE. 
  • Maximum rents are based on rent levels that would be affordable to a household making 80% of area median income. Please note that if a unit has an above-threshold rent for its bedroom size, that unit is ineligible for assistance. No partial assistance will be awarded. Click HERE to view these rent thresholds.

In addition to meeting the eligibility criteria specified above, applicants must certify that if their application is successful, they will not begin eviction proceedings based on rental payments missed by tenants in SLEG-reimbursed units. Applicants must also certify that they will not seek the repayment of outstanding back rent accumulated between April and July 2020 by tenants in SLEG-reimbursed units. Any material breach of this certification may result in NJHMFA seeking repayment of the grant.

For more information about the Small Landlord Emergency Grant Program and to submit an application, click HERE. 

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Source Google News