state_legiscan_drain · NJ
"Affordable Housing Insurance Stabilization Act"; establishes program within HMFA to provide financial assistance to qualified affordable housing property experiencing material insurance cost increases; appropriates $25 million.
June 1, 2026
Summary
If enacted, this bill would create a program within the New Jersey Housing and Mortgage Finance Agency (HMFA) to provide financial assistance to qualified affordable housing properties experiencing material increases in insurance costs. It appropriates $25 million for the program. The bill primarily affects owners and operators of affordable housing properties, as well as servicers and lenders involved in such properties.
Source: https://www.njleg.state.nj.us/bill-search/2026/S4372
Common questions
- What does ""Affordable Housing Insurance Stabilization Act"; establishes program within HMFA to provide financial assistance to qualified affordable housing property experiencing material insurance cost increases; appropriates $25 million." cover?
- If enacted, this bill would create a program within the New Jersey Housing and Mortgage Finance Agency (HMFA) to provide financial assistance to qualified…
- When was it published?
- It was published on June 1, 2026.