On June 24, A-586 was favorably reported out of the Assembly Appropriations Committee. This legislation establishes a rental assistance program for low-income households, supplementing existing programs under the Prevention of Homelessness Act. The program prioritizes senior citizens and veterans and includes provisions for tenant-based vouchers, homeownership assistance, and the Home Repair Emergency Assistance Fund.
The League supports this legislation as it expands existing programs that assist residents with home ownership.
The legislation awaits consideration by the full Assembly, The Senate companion bill, S-1430, awaits consideration by the Senate Budget and Appropriations Committee.
Contact: Andrew LaFevre, Legislative Analyst, alafevre@njlm.org, 609-695-3481, x116.