New Jersey § 52:15d-4

§ 52:15d-4.

As used in P.L.2015, c. 102 ( C.52:15D-3 et seq. ) , as amended and supplemented : “ Agency ” means the New Jersey Housing and Mortgage Finance Agency established pursuant to

section 4 of P.L.1983, c. 530 ( C.55:14K-4 ). “ Applicant ” means an individual or business that has applied for, is waiting for, or is receiving

benefits under a recovery and rebuilding program, and shall include individuals who

are awaiting the completion of a construction project using benefits received under

a recovery and rebuilding program. “ Commissioner ” means the Commissioner of Community Affairs. “ Department ” means the Department of Community Affairs. “ Forbearance ” means a period of time during which obligations for mortgage and interest payments

are suspended. “ FRM ” means the Fund for Restoration of Multifamily Housing. “ Qualified contractor pool ” means a listing of contractors approved by the Department of Community Affairs participating

in the RREM program. “ LMI ” means Low-to-Moderate Income and the program for which policies and procedures have

been adopted by the Department of Community Affairs. “ Mortgage ” means a mortgage, trust deed, or other security in the nature of a residential mortgage. “ Recovery and rebuilding program ” means the use of funding provided by the federal government for the RREM and LMI

programs, which are intended to help individuals rebuild and recover from Superstorm

Sandy, the TBRA program, which is intended to assist renters in returning to and residing

in areas impacted by Superstorm Sandy, and the FRM program, which is intended to assist

developers in repairing or replacing rental housing units damaged or destroyed by

Superstorm Sandy. “ RREM ” means Reconstruction, Rehabilitation, Elevation and Mitigation. “ Sandy-impacted homeowner ” means a homeowner for whom one or both of the following are true: (1) the homeowner received rental assistance from the Federal Emergency Management

Agency as a result of damage to his or her primary residence due to Superstorm Sandy;

or (2) the homeowner has been approved for assistance through the RREM or LMI program. “ Superstorm Sandy ” means the major storm that made landfall in New Jersey on October 29, 2012. “ TBRA ” means Tenant-Based Rental Assistance.