N.J. Stat. Ann. § 52:27D-280 et seq. § 52:27D-287.3
Annual RTF allocation to fund rental assistance grants
Operative Text
3. The commissioner shall annually allocate from the receipts of the portion of the realty transfer fee directed to be credited to the Neighborhood Preservation Nonlapsing Revolving Fund pursuant to section 4 of P.L.1968, c.49 (C.46:15-8) and pursuant to section 4 of P.L.1975, c.176 (C.46:15-10.1) such amounts as may be necessary to fund rental assistance grants authorized by P.L.2004, c.140 (C.52:27D-287.1 et al.), provided that not less than $3 million be annually allocated for the purposes of subsection c. of section 1 of P.L.2004, c.140 (C.52:27D-287.1) and not less than $7 million be annually allocated for the purposes of subsection a. and subsection d. of section 1 of P.L.2004, c.140 (C.52:27D-287.1). L.2004, c.140, s.3; amended 2007, c.208, s.2.
Under N.J.S.A. 52:27D-287.3, the New Jersey Commissioner of Community Affairs is required each year to set aside a portion of the state's realty transfer fee receipts — money collected when real property changes hands — to fund rental assistance grants. The law establishes minimum annual floors: at least $3 million must go toward one category of assistance and at least $7 million toward two other categories, as defined in the broader P.L.2004, c.140 program. This ensures a baseline level of rental assistance funding is maintained regardless of year-to-year budget pressures.
Plain English — not legal advice.
Property owners and managers operating in New Jersey should be aware that N.J.S.A. 52:27D-287.3 establishes a dedicated, annually renewed funding stream for rental assistance grants. Landlords who participate in programs authorized under P.L.2004, c.140 may receive rental assistance payments on behalf of qualifying tenants, which can help stabilize tenancy and reduce vacancy risk. Compliant operators generally familiarize themselves with the grant program's eligibility and payment procedures administered through the state.
General guidance for property managers — not legal advice for your specific situation. Consult an attorney for advice on your case.
N.J.S.A. 52:27D-287.3 guarantees that a minimum amount of state funding — at least $10 million combined annually — is reserved each year for rental assistance grants under the P.L.2004, c.140 program. Tenants who are struggling with housing costs may be eligible for assistance funded through this allocation, depending on the specific subsection of the program for which they qualify. Tenant-rights organizations and New Jersey's Division of Housing and Community Resources can be useful starting points for learning about available grant programs and how to apply.
General guidance for tenants — not legal advice for your specific situation. Consult a tenant-rights organization or attorney for advice on your case.
Generated October 14, 2026 — auto-generated, not yet human-reviewed. See /transparency for methodology.
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