Resources
-
January 11, 2024
Emergency Rescue Mortgage Assistance Program (ERMA)
Did you know there is a program in New Jersey that provides owners with financial assistance on various household expenses, including association fees? A number of delinquent owners have relied upon the Emergency Rescue Mortgage Assistance (ERMA) program to have their delinquent association accounts paid in full.
Associations may wish to provide its residents with the below information as well as the link for the online application:
https://njerma.com/
Housing counselors are available to assist with applications.
Emergency Rescue Mortgage Assistance (ERMA)
PROGRAM OVERVIEW:- Up to $75,000 per household for expenses which may include:
• Escrow shortages
• Delinquent property taxes and HOA dues/fees
• Municipal or property tax liens
• Mortgage payments, including principal, interest, taxes, and homeowner’s insurance
ELIGIBILITY:- To qualify for assistance, a homeowner must:
- Have experienced a COVID-19 related financial hardship, and have been unable
• Meet household income limits
CONTACT
Jennifer Webb, Esq
Office: (856)-616-8080
jwebb@hillwallack.com
