The state has disbursed more than $230 million in federal funds aimed at providing relief to apartment renters and landlords impacted by the COVID-19 crisis, officials said last week.
As the eviction moratorium winds down in the state, the New Jersey Apartment Association is urging Trenton to pick up the pace of sending out long-awaited rental assistance payments.
Gov. Phil Murphy on Wednesday took a key step toward phasing out the state’s moratorium on residential evictions, signing a bill to do so while providing relief to both renters and landlords.
A bill that would wind down New Jersey’s moratorium on residential evictions is headed for Gov. Phil Murphy’s desk, drawing cheers from many landlords after months of uncertainty.
A bill that would end New Jersey’s eviction ban later this summer while still providing protections to many apartment renters is poised for a full vote in the state Legislature.
A bill that would allow building owners to obtain faster code inspections using third-party, private-sector agents has moved through the Legislature in recent weeks, raising the hopes of developers and other industry stakeholders who support the proposal.
State officials are rolling out another $353 million in rental assistance, in a move that should help both residents and apartment landlords who face mounting revenue shortfalls.
The New Jersey Apartment Association has made two promotions within its Monroe-based administrative team.
A bill that would provide $350 million in rental assistance to apartment landlords and tenants has moved ahead in the state Senate, drawing support from the multifamily industry.
The New Jersey Apartment Association has called for rental assistance since the earliest days of the pandemic, as it continues to defend against other legislative proposals that it says would have severe unintended consequences. In part two of his two-part column, NJAA Executive Director David Brogan discusses the ongoing need for assistance and the complexity of disbursing it even after it has been approved. He also highlights the potentially devastating effects to both apartment owners and single-family homeowners if lawmakers take actions that further curtail rent revenue.