Establishes mortgage assistance program for benefit of certain low- and moderate-income homeowners; appropriates $200 million.

This bill establishes a $200 million mortgage assistance program administered by New Jersey's Housing and Mortgage Finance Agency. It provides four types of forgivable, zero-interest loans to low- and moderate-income homeowners (defined as those earning ≤50% or 50-80% of local median household income) facing imminent homelessness due to qualifying economic hardships like job loss or medical issues. Assistance includes "deep" subsidies covering all mortgage arrears plus six months' payments for severe delinquency, "moderate" subsidies for any delinquency, "shallow" for imminent risk, and "single" for near-term payment risks. Recipients must commit to living in the home as their primary residence for three years to have the loan forgiven.