Bill > A2826

Introduced Session

This bill provides for a voluntary contribution method to increase the funding for the "Homelessness Prevention Program" in the Department of Community Affairs. This program provides rental assistance payments to assist renters in paying their rent and avoid being evicted from their apartments. The bill would allow persons paying the additional fees under the realty transfer tax to make an additional voluntary contribution, payable at the option of the transferor of the real estate, to be collected at the time of collection of the realty transfer fees. The additional contributions will be permitted in $10 increments, and will be accounted for by the county recording officer and transmitted to the State Treasurer for use by the "Homelessness Prevention Program" in the Department of Community Affairs. Although this program receives some funding under the State budget, there is a need to increase its funding due to cutbacks in the federal section 8 program, and due to the limited resources that the State has at this time to allocate to this program. In addition, rising rental costs have greatly out paced the rise in income levels for many renters.

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John McKeon (D)*, 

Introduced, Referred to Assembly Housing and Community Development Committee (on 02/16/2016)