52:15D-3 Findings, declarations relative to Superstorm Sandy aid money.
1.The Legislature finds and declares that:
In the autumn of 2012, Superstorm Sandy ravaged New Jersey's shoreline, as well as many other communities in the State. The storm destroyed or damaged more than 72,000 of the State's homes and businesses, has driven more than a quarter-million State residents to seek governmental assistance, and has resulted in more than $36 billion in damage and recovery needs. In addition, due to the time it has taken to distribute recovery aid following Superstorm Sandy, many of those affected by the storm now face the reality of foreclosure on their home mortgages. While New Jersey communities have taken certain important steps toward recovery, the work to rebuild is not yet complete.
Recognizing that there are numerous challenges associated with the efficient and expedient distribution of federal recovery resources following a disaster of the scale of Superstorm Sandy, the processes for individuals and communities to obtain governmental assistance has not been as fast as the Governor and the Legislature would like, and can be improved. Although the reasons for delays in obtaining assistance vary, the State has an obligation to those affected by the storm to make the process of obtaining benefits as user friendly and transparent as possible. For these reasons and others, it is necessary for the Governor and the Legislature to codify and expand upon standards and safeguards for the treatment of individuals and communities seeking financial assistance in recovering from Superstorm Sandy.
L.2015, c.102, s.1.
52:15D-4 Definitions relative to Superstorm Sandy aid money.
2.As used in P.L.2015, c.102 (C.52:15D-3 et seq.):
"Agency" means the New Jersey Housing and Mortgage Finance Agency established pursuant to section 4 of P.L.1983, c.530 (C.55:14K-4).
"Applicant" means an individual or business that has applied for, is waiting for, or is receiving benefits under a recovery and rebuilding program , and shall include individuals who are awaiting the completion of a construction project using benefits received under a recovery and rebuilding program.
"Commissioner" means the Commissioner of Community Affairs.
"Department" means the Department of Community Affairs.
"FRM" means the Fund for Restoration of Multifamily Housing.
"Qualified contractor pool" means a listing of contractors approved by the Department of Community Affairs participating in the RREM program.
"LMI" means Low-to-Moderate Income and the program for which policies and procedures have been adopted by the Department of Community Affairs.
"Recovery and rebuilding program" means the use of funding provided by the federal government for the RREM and LMI programs, which are intended to help individuals rebuild and recover from Superstorm Sandy, the TBRA program, which is intended to assist renters in returning to and residing in areas impacted by Superstorm Sandy, and the FRM program, which is intended to assist developers in repairing or replacing rental housing units damaged or destroyed by Superstorm Sandy.
"RREM" means Reconstruction, Rehabilitation, Elevation and Mitigation.
"TBRA" means Tenant-Based Rental Assistance.
L.2015, c.102, s.2.
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Last modified: October 11, 2016