New Jersey Administrative Code
Title 5 - COMMUNITY AFFAIRS
Chapter 55 - NEW JERSEY HOUSING ASSISTANCE FOR VETERANS
Subchapter 4 - GRANTS
Section 5:55-4.2 - Grant amounts and contributions
Universal Citation: NJ Admin Code 5:55-4.2
Current through Register Vol. 56, No. 18, September 16, 2024
(a) No qualified organization shall be awarded more than $ 400,000 through the pilot program in any one fiscal year.
(b) A qualified organization receiving a grant shall contribute a matching contribution in an amount not less than 50 percent of the grant award. The matching requirement may be met through cash contributions or in-kind contributions.
(c) The minimum award amount to rehabilitate or modify an eligible veteran's primary residence shall be $ 5,000 and the maximum amount shall be $ 25,000.
(d) The qualified organization may utilize a maximum of $ 2,500 per unit of their award as an administrative fee.
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