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Section 55:14K-86 - Mortgage and Neighborhood Stabilization Assistance Program, Fund.

NJ Rev Stat § 55:14K-86 (2019) (N/A)
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55:14K-86 Mortgage and Neighborhood Stabilization Assistance Program, Fund.

5. There is established in the New Jersey Housing and Mortgage Finance Agency a Mortgage and Neighborhood Stabilization Financing Assistance Program and Mortgage and Neighborhood Stabilization Financing Assistance Program Fund for the purpose of assisting homeowners and lenders willing to refinance covered mortgages in order to ensure that the homeowner has an affordable mortgage payment and assisting Community Development Financial Institutions to finance the acquisition and rehabilitation of eligible properties.

a. (Deleted by amendment, P.L.2009, c.334.)

b. (Deleted by amendment, P.L.2009, c.334.)

c. (Deleted by amendment, P.L.2009, c.334.)

d. (Deleted by amendment, P.L.2009, c.334.)

e. (Deleted by amendment, P.L.2009, c.334.)

f. (Deleted by amendment, P.L.2009, c.334.)

g. (Deleted by amendment, P.L.2009, c.334.)

h. (Deleted by amendment, P.L.2009, c.334.)

i. (Deleted by amendment, P.L.2009, c.334.)

j. (Deleted by amendment, P.L.2009, c.334.)

k. (Deleted by amendment, P.L.2009, c.334.)

l. (Deleted by amendment, P.L.2009, c.334.)

L.2008, c.127, s.5; amended 2009, c.334, s.3.

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Section 55:14K-85 - Definitions relative to "Mortgage and Neighborhood Stabilization Financing Assistance Program."
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Section 55:14K-86.1 - Certain funds used for acquisition, rehabilitation of certain properties.