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  • NJ A333
  • Ensures project deadline fairness, enhances transparency, and establishes foreclosure protection and mortgage relief program for Superstorm Sandy- impacted victims.*
Introduced
(1/27/2016)
In Committee
(11/3/2016)
Crossed Over
(6/30/2016)
Passed
(12/19/2016)
Signed
(2/10/2017)
Dead/Failed/Vetoed
2016-2017 Regular Session
This bill ensures the fairness of project deadlines, enhances transparency, and creates foreclosure protections for Superstorm Sandy victims. The bill requires the Department of Community Affairs ("DCA") to extend the deadline for project completion following a RREM or LMI grant award date for any applicant who demonstrates that the delay has resulted from certain faults of the builder, or delays by DCA in approving the builder associated with the project. Upon any decision to deny an application for aid under either the TBRA, LMI, or RREM program, this bill requires DCA to provide the applicant with an explanation for the denial, and an explanation for ways to remedy the application. The bill gives DCA the responsibility to publicly report the reason for each application denial, wait-list placement, and withdrawal from the RREM, TBRA, and LMI programs since the beginning of the recovery effort, and to report the reasons for new denials, wait-list placements, and withdrawals on a quarterly basis through 2018. Concerning withdrawn applications, the public reporting requirements shall apply only after DCA has conducted a reasonable effort to contact the withdrawn applicant. The bill also requires DCA to publicly report on where all funding associated with application denials, wait-list placements, and withdrawals has instead been allocated. The bill applies this requirement to all application denials, wait-list placements, and withdrawals since the beginning of the recovery effort, and requires ongoing reporting on a quarterly basis through the end of 2018. The bill requires DCA to maintain a RREM appeals process for at least six months following the bill's effective date. The appeals process shall be open to any applicant to the RREM program who submitted an initial application by the deadline of August 1, 2013, regardless of the reason the applicant had been denied or removed from the application process. Finally, in order to address the economic crisis that many families continue to experience as a result of Superstorm Sandy, this bill offers temporary protections against foreclosure to certain Sandy victims. Under the bill, homeowners who are not in foreclosure, and who sustained at least $8,000 worth of damage, or over one foot of water on the first floor as a result of the storm, will be authorized to apply to DCA for a certificate of eligibility for mortgage forbearance. The forbearance would establish a time period, ending November 1, 2018, during which the homeowner would not be responsible for mortgage payments. The term of the mortgage would automatically extend, under the same terms, for the number of months the mortgage is in forbearance. Homeowners who are already in foreclosure litigation, and sustained at least $8,000 worth of damage, or over one foot of water on the first floor as a result of the storm, will be authorized to apply to the court for a stay of proceedings, also to end November 1, 2018. Any homeowner who is awarded a forbearance or a stay of foreclosure proceedings will continue to be responsible for property taxes, insurance, and general property maintenance.
2nd Reading in the Assembly, 2nd Reading in the Senate, Bills and Joint Resolutions Signed by the Governor, Budget and Appropriations, Community and Urban Affairs, Passed Assembly, Passed both Houses
Approved P.L.2017, c.15.  (on 2/10/2017)
 
 

Date Chamber Action Description
2/10/2017 S Approved P.L.2017, c.15.
12/19/2016 S Passed Senate (Passed Both Houses) (36-0)
12/19/2016 S Substituted for S2300 (1R)
11/3/2016 S Reported from Senate Committee, 2nd Reading
11/3/2016 Senate Budget and Appropriations Hearing (13:00 11/3/2016 Committee Room 4, 1st Floor)
10/13/2016 S Referred to Senate Budget and Appropriations Committee
10/13/2016 S Reported from Senate Committee, 2nd Reading
10/13/2016 Senate Community and Urban Affairs Hearing (11:00 10/13/2016 Committee Room 1, 1st Floor)
7/14/2016 S Received in the Senate, Referred to Senate Community and Urban Affairs Committee
6/30/2016 A Passed by the Assembly (63-4-8)
6/27/2016 A Assembly Floor Amendment Passed (Mukherji)
2/22/2016 A Reported out of Assembly Comm. with Amendments, 2nd Reading
2/22/2016 Assembly Housing and Community Development Hearing (14:00 2/22/2016 Committee Room 9, 3rd Floor)
1/27/2016 A Introduced, Referred to Assembly Housing and Community Development Committee
Date Motion Yea Nay Other
Detail 12/19/2016 Senate Floor: Third Reading - Final Passage 36 0 4
Detail 12/19/2016 Senate Floor: Substitute For S2300 (Voice Vote) 0 0 0
Detail 11/3/2016 Senate Budget and Appropriations Committee: Reported Favorably 13 0 0
Detail 10/13/2016 Senate Community and Urban Affairs Committee: Reported Favorably 5 0 0
Detail 6/30/2016 Assembly Floor: Third Reading - Final Passage 63 4 13
Detail 2/22/2016 Assembly Housing and Community Development Committee: Reported with Amendments 5 1 0