Title
Dept/ Agency: Economic and Housing Development
Action: (X) Ratifying ( X ) Authorizing ( ) Amending
Type of Service: Memorandum of Understanding (MOU)
Purpose: Partnership with NJ SHARES, Inc. and the City of Newark Office of Tenant Legal Services ("OTLS")
Entity Name: NJ SHARES, Inc.
Entity Address: 1901 N. Olden Avenue, Suite 40, Ewing, New Jersey 08618
Operating Budget: $372,000.00
Funding Source: NJ SHARES, Inc.
Contract Period: September 1, 2020, through August 31, 2021
Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ
( ) Private Sale ( ) Grant ( ) Sub-recipient ( X ) n/a
Additional Information:
NJ SHARES, Inc. is a 501(c)(3) nonprofit organization that provides monetary assistance to low and moderate income individuals and households who are at risk for eviction due to back rent owed to their landlords.
The NJ SHARES SMART Program funding is made available to eligible Newark residents, in an amount not to exceed $2,000.00, within a twelve (12) month period per household, with respect to eviction actions for back rent.
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WHEREAS, the City of Newark's (hereinafter, "City") Department of Economic and Housing Development's (hereinafter, "EHD") Office of Tenant Legal Services (hereinafter, "OTLS") provides legal defense and other homelessness-prevention services to City of Newark tenants of low-income who are facing eviction or the threat of eviction; and
WHEREAS, NJ SHARES, Inc., offers monetary assistance to low and moderate income individuals and households who are at risk for eviction due to back rent owed to their landlords or who are at risk of foreclosure for nonpayment of their mortgage; and
WHEREAS NJ SHARES, Inc., desires to partner with OTLS so that NJ SHARES SMART Program funding, in an aggregate amount of Three Hundred Seventy-Two Thousand Dollars a...
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