New Jersey officials plan to use $325.9 million in federal Homeowner Assistance Fund (HAF) dollars to provide financial help and counseling for homeowners financially impacted by COVID-19.
The Emergency Rescue Mortgage Assistance Program (ERMA) provides up to $35,000 for homeowners to pay “housing cost delinquencies,” including mortgage arrearages and delinquent property taxes. The New Jersey Housing and Mortgage Finance Agency (NJHMFA) will administer the initiative.
