NEW JERSEY APARTMENT ASSOCIATION LAUDS LEGISLATURE for RENTER RELIEF BILL—URGES GOVERNOR TO SIGN the MEASURE 

(MONROE TOWNSHIP, NJ) – The New Jersey Apartment Association (NJAA) applauds the Legislature for passing S-2332/A-3956, which would establish the 2020 New Jersey Emergency Rental Assistance Program. This program expands the current Homelessness Prevention Program to assist not only low- and moderate-income families, but also middle-income New Jerseyans and those in workforce housing.

“This bill will truly help those in need by utilizing the infrastructure of an existing rental assistance program, maximizing the dollars allocated, and mitigating the potential for fraud. The sponsors deserve a lot of credit for this thoughtfully crafted legislation,” said David H. Brogan, Executive Director of NJAA.

“The NJAA would like to thank Senate President Sweeney, Senator Stack, and Assembly members Chaparro, Mukherji and Wimberly for their leadership on this bill,” Brogan continued. “Without rent revenue, tenants will lose their homes, property owners won’t be able to pay their financial obligations, thousands of multifamily employees will lose their jobs, vendors will no longer be contracted, and municipalities will see a loss of much needed property tax revenue. This legislation does a great deal toward addressing all of those problems in an intelligent way, and we urge Governor Murphy to sign the legislation as soon as possible.”

The New Jersey Apartment Association members continue to work with affected tenants by creating alternate payment plans and waiving late fees. However, state and federal rental assistance for those impacted by COVID-19 is absolutely necessary to help tenants, landlords, municipalities and the entire multifamily ecosystem.  NJAA urges the Governor to sign this important legislation which will truly help those in need.

The New Jersey Apartment Association (NJAA) is the premier trade association representing all facets of the multifamily housing industry, including market rate and affordable housing owners, managers and developers, as well as suppliers. NJAA’s membership owns and manages over 220,000 apartments, providing quality housing to over one million New Jerseyans. 

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