Requires DCA to resume Reconstruction, Rehabilitation, Elevation and Mitigation program with remaining funds for unmet recovery and rebuilding needs for Superstorm Sandy-impacted homeowners.

This bill (A2850) requires New Jersey's Department of Community Affairs (DCA) to restart the Reconstruction, Rehabilitation, Elevation and Mitigation program using leftover funds, to help homeowners still needing financial assistance after Superstorm Sandy. It directly affects Sandy-impacted homeowners who have unmet recovery and rebuilding needs, as defined by prior law. The key mechanism is the DCA accepting new grant applications to provide funding for these unmet needs, using only uncommitted state appropriations. The bill takes effect immediately upon passage.