Governor Murphy Signs Sweeping Housing Eviction Prevention and Utility Assistance Bill

This press release has been updated with signing statements for S-3691 and A-4463.

DCA Surpasses Milestone of Delivering Over $100 Million in Federal Emergency Rental Assistance

UNION CITY – Governor Phil Murphy today signed legislation that will provide comprehensive housing eviction prevention and utility assistance for renters who have been financially impacted by the COVID-19 pandemic. The legislation (S-3691) appropriates an additional $500 million for the COVID-19 Emergency Rental Assistance Program (CVERAP) and $250 million for utility assistance, both programs administered by the New Jersey Department of Community Affairs (DCA). The bill also mandates new eviction and foreclosure moratorium deadlines and special eviction protections for tenants who were directly impacted by the pandemic. This legislation will ensure that New Jersey’s eviction moratorium continues through August for all state residents with household incomes below 120% Area Medium Income (AMI) and through the end of the year for certain households with incomes below 80% AMI. Yesterday’s announcement from the Centers for Disease Control and Prevention extending the nationwide moratorium on evictions for 60 days may provide additional protections for certain residents.  To continue reading click here

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Renters Have 2 Weeks To Apply For Aid

Renters Have 2 Weeks To Apply For AidGreat interview with POA Past President Derek Reed, Esq. of Ehrlich Petriello Gudin Plaza and Reed P.C. discussing the approaching deadline.  NJ Renters Have 2 Weeks To Apply For Rental Aid As Eviction Moratorium Sunsets | WNYC...

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Eviction Moratorium Update

Eviction Moratorium UpdateOn August 5, 2021, New Jersey’s Governor signed NJ S.B. 3691/A.B. 5685 (2021), which will officially end New Jersey’s Eviction Moratorium in waves based on income level beginning August 31, 2021. After August 31, 2021, landlords may evict...

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NJ’s Eviction Prevention Program

NJ's Eviction Prevention Program  New Jersey’s Eviction Prevention Program will pay up to two years of rent arrears and future rent, as well as utility assistance, for low-, moderate-, and middle-income households that have experienced an economic impact due to...

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Flood Risk Notification

Flood Risk NotificationFlood risks in New Jersey are growing due to the effects of climate change. Coastal and inland areas may experience significant flooding now and in the near future, including in places that were not previously known to flood. For example, by...

October 11th “Current Market Analysis”

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2024 Board of Directors

It is our honor to put forth the 2024 Board of Directors.  These members of the POA have shown commitment to the association and our mission. Please join us in welcoming them to the Board.  Executive Board President Kevin Taub, Marcus & Millichap Vice President...

DCA 2022 Rent Control Update

The information in this survey is only as current as the published municipal Codes of Ordinances as of 2022.  Consult the Rent Control Board for your town for accurate and up to date information and rates.Rent_Control_Survey.xlsx (live.com)

Case Management Conferences Cease as of September 1, 2023

On July 18, 2023, the Supreme Court issued an Order refining some of the Landlord Tenant reforms that it authorized in 2021. We will highlight the major changes below:  1.      Effective September 1, 2023. Mandatory Case...

News & Views January 2023

  Features   Energy Market Report   Division of Civil Rights Announces a Crackdown On Violations Of The Fair Chance In Housing Act   A New Law In Effect Requiring Owners To Maintain Liability Insurance   New Year Brings Familiar Challenges For...

ASC 842 Lease Accounting For Tenants and Landlords

ASC 842 Lease Accounting For Tenants and Landlords  of WithumThe new lease accounting standards under ASC 842 were effective for private companies with a calendar year-end beginning January 1, 2022. These new standards require companies to record substantially...

2022 Payroll Tax Reminders

2022 Payroll Tax RemindersYear-end payroll reporting for 2022 is right around the corner.  To assist you in preparing the items your payroll provider will need to complete your payroll tax returns, we have provided an overview of the most significant reporting...

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