Christie Administration Expands ‘reNew Jersey Stronger’ Housing Initiative With $70 Million Landlord Rental Repair Program

Trenton, NJ – July 24, 2013 – (RealEstateRama) — The Christie Administration today launched a $70 million Landlord Rental Repair Program to provide grants to help rental property owners repair, reconstruct or elevate rental units damaged by Superstorm Sandy. The program is part of the ‘reNew Jersey Stronger’ Housing Initiative, and will provide up to $50,000 per unit to be made available at affordable rental rates. Eligible owners of rental property in the 9 most-impacted counties from Sandy will be prioritized, but the grants will be available for rental properties damaged by the storm in all 21 counties. It is anticipated the program will benefit approximately 1,500 rental units.