Title
Dept/ Agency: Offices of Municipal Council/City Clerk
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Resolution of Support
Purpose: Supporting passage of Assembly Bills A-4036/A-4226
Sponsor: Council Member, LaMonica R. McIver
Additional Information:
Resolution supporting mandatory uniform mortgage forbearance and establish a rent pause with affordable repayment options for residents impacted by COVID-19 pandemic.
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WHEREAS, the impact of the COVID-19 pandemic has created a tremendous financial hardship for thousands of renters and homeowners throughout the State of New Jersey, especially for those residents living in Council Member, LaMonica R. McIver's Central Ward District; and
WHEREAS, the State mandated shut-down and shelter-in-place order has caused the serious reduction of hours and/or loss of employment for thousands of workers due to the forced closure of nonessential businesses; and
WHEREAS, the impending end of the four (4) month Federal eviction moratorium will create imminent financial hardships to the estimated 12 million renters nationwide as the pandemic continues to surge; and
WHEREAS, on March 19, 2020, New Jersey Governor, Phil Murphy issued Executive Order 106, which immediately suspended evictions throughout the State and will last two (2) months after Governor Murphy declares an end to the COVID-19 health crisis. This "eviction moratorium", means that, except in rare circumstances, no tenant may be removed from his or her home because of an eviction proceeding. The Governor has extended the official public health emergency several times, most recently through Executive Order 162, which will expire on August 1, 2020. Unless, the Governor extends the emergency again, or end it early, the eviction moratorium will expire two (2) months later on October 1, 2020; and
WHEREAS, Mortgage Servicers would be required to ...
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