Establishes "Security Deposit Assistance Pilot Program" in Passaic, Union, Essex, Hudson, Gloucester, Atlantic, Camden, and Mercer counties; appropriates $400,000.

This bill establishes a three-year "Security Deposit Assistance Pilot Program" in eight New Jersey counties (Passaic, Union, Essex, Hudson, Gloucester, Atlantic, Camden, and Mercer) to help low-income renters pay security deposits. It appropriates $400,000 to create a dedicated fund, allowing eligible households (meeting federal "very low income" criteria) to pay one-twelfth of their security deposit monthly over 12 months instead of a full upfront payment. Landlords cannot refuse tenants for participating, and the program reimburses landlords for tenant lease violations (up to the unpaid deposit amount), with tenants later repaying the fund. The program requires a final evaluation report after three years to determine potential expansion.