CAMDEN, NJ — The COVID-19 pandemic has put an added financial weight on the backs of many tenants and landlords across Camden County. While rent may not be due right away - per statewide allowances - many families remain under the shadow of having to ultimately pay back rent.
Camden County officials hope to lessen that burden, announcing Tuesday that $4 million will be dispersed as part of a new rental assistance program.
During a coronavirus press briefing this afternoon from Blackwood, Freeholder Director Lou Cappelli called the pandemic’s impact on the country’s economic situation a “crisis slowly building.”
He hopes the CARES Act funds will help alleviate the issue locally.
“Even with evictions frozen, tenants are still on the hook for their rent payment….landlords are also suffering through no fault of their own. They have invested in properties and are not receiving the income they expected when they invested in their properties as a result of this COVID-19 problem,” Cappelli said.
The Camden County Rental Assistance Program will provide as much as six months of back rent - April 2020 through September 2020 - for a maximum amount of $4,000. Officials said that while tenants will submit the applications, the landlords will receive the payments.
“The CARES Act has delivered critical federal resources to local governments, and I applaud Camden County’s innovation in creating this rental assistance program to help residents struggling to make payments,” Congressman Donald Norcross said in a statement “This money will provide vital funding to renters who need our support during the ongoing public health crisis.”
You can submit for funds, which will be on a first come first serve basis, starting Oct. 1 at 8 a.m. at www.CamdenRentGrant.com.
“This program will be another significant benefit to business owners who have gone months without rental payments,” said Christina Renna, CEO and President of the South Jersey Chamber of Commerce said. “Our members have been in a holding pattern since the start of the pandemic and this initiative is a win-win for the tenant and landlord.”
Read eligibility and other rules (per Camden County) below.
Tenants must meet the following qualifications:
- Tenants cannot earn more than 50% of Average Area Median Income (AMI);
- Applicants will be required to provide proof of loss/reduction in employment or income;
- No duplication of funds will be permitted – apartments/landlords which are funded under the State’s tenant assistance program or Section 8 are not eligible;
- Landlords must agree to waive late fees and penalties accrued from April 2020 to September 2020; and
- Lease must have begun prior to 3/1/2020.
- 1-person, $33,850
- 2-person, $38,650
- 3-person, $43,500
- 4-person, $48,300
- 5-person, $52,200
- 6-person, $56,050
Watch the press conference here: