New Jersey Landlords can apply for reimbursement for lost rent due to the pandemic.
There's good news for landlords in New Jersey - if your tenants have had difficulty paying rent due to COVID-19, you can apply for relief through the Small Landlord Emergency Grant Program (SLEG) to receive reimbursement for lost rent revenue.
Unpaid rent due to COVID-19 that was due between April and July 2020 qualifies for reimbursement. Applications must be submitted between August 19 and August 26, 2020. After the application period ends, awards will be reviewed and awarded in random.
In order to be eligible for this program, the landlord and property must meet several criteria, including:
- The landlord must be the primary property owner of a small residential property
- The property must be registered with the New Jersey Department of Community Affairs' Bureau of Housing Inspection qualifies
- You must be paid up on all state and local tax obligations
- Your property must include between 3 and 10 housing units
- Seasonal or vacation rental properties do not qualify
- An up-to-date fire inspection, current as of December 31, 2019
- At least one unit in the property must be non-vacant and experiencing a net rent deficit between April and June 2020
Full qualification criteria are listed on the NJHousing website.
How Much Can Be Reimbursed?
Though there aren't any maximum award amounts, the rent charged cannot exceed the values listed in the table on the NJHousing website.
How Do I Apply?
Applications are being accepted through August 26, 2020 on the NJHMFA Small Landlord Emergency Grant Program website.