Renters in New Jersey and New York are hoping the governor’s decision to end the state’s rent abatements will help them keep up with the cost of their home.
The state legislature passed legislation last year to end state rent subsidies.
But it wasn’t until this week that the state Senate passed a bill that would provide up to $4,500 to homeowners.
The bill passed the Senate and Assembly with bipartisan support and has already been signed by Governor Chris Christie.
While some of the state budget cuts will go to help offset the cost to homeowners, the Senate’s bill will provide up-front rent relief to homeowners who have had a vacancy on their properties for more than three years.
New Jersey is among the few states that allow renters to apply for a waiver to receive up-to-date rent information.
“The idea that the governor would want to go out of his way to help the renters is not surprising,” said Eric Krasner, a senior policy analyst with the New York-based Center for Neighborhood Enterprise.
“That’s why he made the decision to sign the bill and why he was able to get it passed, which was probably the most significant thing.”
The bill also allows tenants to apply online to receive rent relief up to the end of 2019, according to the legislation.
It also provides up to an additional $4.7 million for the state Department of Housing Preservation and Development, which is tasked with keeping up with rising housing costs in New Brunswick, which has a vacancy rate of 14.9 percent.
While the state has already received a $1.4 million grant, the funding will only last through 2021.
“It’s a really important step, but it’s still not enough,” said John Fauci, the director of New Jersey Housing Finance Authority.
“We’re not even close to meeting the state of New York.
That’s the problem.
We have to be more aggressive.”
In New York, some of those in need of rent relief are already struggling.
While New York rents are increasing at a faster pace than the national average, many landlords are making the difficult decision to rent to tenants who can’t afford the rent, which can include children and seniors.
That could make it harder for tenants to afford the house.
In September, the city approved a rent freeze that will last through 2020.
That means New Yorkers who rent at least 30 days a year can only receive rent assistance of $1,200 per month.
The city is expected to continue making rent assistance payments until the end a year from now.
In New Jersey, the state housing department will still make payments, but there will be a cap on the amount of assistance that landlords can receive.
The freeze also includes the rent subsidies, but tenants who cannot afford the subsidies may still qualify for rent relief payments.
That will continue until 2021.
The governor’s announcement of the rent abate, which comes on top of the governor and state Housing Secretary Annise Parker’s announcement last week, came just a day after the Housing Authority announced that it had begun to make payments for some residents who are still waiting for rent subsidies to end.
In the wake of the freeze, New Jersey was hit with the worst housing crisis since the Great Depression.
Housing officials said that about 70 percent of residents who applied for rent assistance have been rejected.
A spokesman for Parker said the state had already begun making payments to some of these people, and there are about a dozen applications pending.
“At this point, we know there’s some residents that we are still not paying,” the spokesman said.