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

This bill establishes a New Jersey mortgage assistance program to help low- and moderate-income homeowners facing mortgage payment difficulties due to qualifying economic hardships (like job loss, illness, or family changes). It provides zero-interest, forgivable loans in four subsidy tiers: "deep" (covers all arrears + 6 months ahead), "moderate" (arrears + 2 months), "shallow" (2 months), or "single" (1 month). Homeowners must commit to living in the home as their primary residence for three years and complete a counseling course before receiving aid. The program is funded with $200 million annually from the state general fund, requiring 25% of funds to target low-income homeowners and 25% to those at imminent risk of homelessness, with annual reports on program effectiveness.