S 4275 New Jersey Senate · 2022-2023 Regular Session

Makes FY 2024 supplemental Grants-in-Aid appropriation of $10.5 million to DCA for State Rental Assistance Program.

This bill provides an additional $10.5 million in state funding for New Jersey's State Rental Assistance Program (SRAP) during fiscal year 2024. The supplemental appropriation directly supports low-income renters by funding 1,000 new tenant-based rental assistance vouchers through SRAP. These vouchers allow eligible households to pay a portion of their rent, with the state covering the remainder, following the program's existing lottery system for applicants on the waiting list. The funding supplements the $18.5 million already allocated for SRAP in the main FY 2024 budget.
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P
Photo of Shirley Turner
Shirley Turner
DDemocratic
NJ
15