N.J. Admin. Code § 5:55-4.2

Current through Register Vol. 57, No. 1, January 6, 2025

Section 5:55-4.2 - Grant amounts and contributions

(a) No qualified organization shall be awarded more than $ 400,000 through the pilot program in any one fiscal year.

(b) A qualified organization receiving a grant shall contribute a matching contribution in an amount not less than 50 percent of the grant award. The matching requirement may be met through cash contributions or in-kind contributions.

(c) The minimum award amount to rehabilitate or modify an eligible veteran's primary residence shall be $ 5,000 and the maximum amount shall be $ 25,000.

(d) The qualified organization may utilize a maximum of $ 2,500 per unit of their award as an administrative fee.

N.J. Admin. Code § 5:55-4.2

Adopted by 51 N.J.R. 1847(a), effective 12/16/2019