New Jersey Administrative Code
Title 5 - COMMUNITY AFFAIRS
Chapter 41 - HOMELESSNESS PREVENTION PROGRAM
Subchapter 2 - PROGRAM ELIGIBILITY
Section 5:41-2.3 - Levels of assistance
Universal Citation: NJ Admin Code 5:41-2.3
Current through Register Vol. 56, No. 24, December 18, 2024
(a) The Homelessness Prevention Program shall apply available funds so as to provide assistance to as many people in need of such assistance as possible. Assistance to any one person or household shall not exceed the minimum amount necessary to obtain habitable lodging or to avoid imminent eviction or foreclosure.
(b) Where there is any reasonable prospect of repayment, funds shall be advanced as a loan rather than as a grant, upon such terms as the Department of Community Affairs shall consider reasonable and appropriate in light of prevailing interest rates and the applicant's present and future ability to repay.
1. Loans shall be evidenced by a note and, if
the applicant owns real property, secured by a mortgage. The form and content
of the note and mortgage shall be prescribed by the Department of Community
Affairs.
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