Earlier this month, Governor Murphy announced the Small Landlord Emergency Grant (SLEG) Program, which will reimburse small residential rental property owners for lost rent revenue due to COVID-19 between April and July 2020.
By passing the benefit on to their tenants and forgiving outstanding back rent and late fees, landlords will not only receive necessary funds to stay afloat, but will also continue to provide stable housing in what has become an unstable time.
The program is for:
Owners with properties that have at least 3 but no more than 10 total housing units;
Owners with properties that are not seasonal or vacation rentals;
Properties must have current fire inspection certificates as of March 9, 2020;
Owners of properties with at least one non-vacant rental unit impacted by COVID-19 between April and July 2020; and
Owners with properties that have low- to moderate-income rent levels or rent based on up to 80% of the median area income.
Grant funding will be allocated on a case-by-case basis, based on the number of COVID-impacted units, and the amount of missed rent. Applicants must be the primary property pwner of a residential rental property in New Jersey and be registered with DCA's Bureau of Housing Inspection as of July 17, 2020.