The Hudson County Board of Commissioners approved allocating $20,132,691 of CARES Act funding for rent relief earlier this month: $12,285,657 for the county and $7,847,034 for Jersey City.
The funds, issued by the U.S. Department of the Treasury, were approved unanimously (9-0) at the commissioners’ January 14th meeting.
According to the federal government, eligible households are those that qualify for unemployment or experienced a reduction in household income, incurred significant costs, or experienced a financial hardship due to COVID-19.
Other parameters include demonstrating a risk of experiencing homelessness or housing instability, and/or has a household income at or below 80 percent of the average area median.
The day prior to the county approving this funding, Jersey City officials announced they were putting $2.5 million towards COVID-19 rental aid, with the maximum relief not to exceed $1,500 per household.
Additionally, the Waterfront Group, a non-profit, announced they were teaming up with the county government back in October to help homeowners struggling with their mortgages.