Establishes NJHousing pilot program for rental assistance.

This bill establishes a 24-month pilot program that provides monthly cash payments to up to 300 New Jersey households struggling with rent burden (rent as a percentage of income) and at risk of eviction. Eligible households will be selected via a random lottery by county, based on criteria including income, rent burden, and eviction risk. The Department of Community Affairs will administer the program, calculating monthly payments based on each household’s rent burden and income, with payments starting eight months after enactment and continuing for 24 months. The program uses state funds to cover administrative costs, outreach, and the cash transfers, and includes a post-program survey to collect data from participants and applicants.