HAMILTON TOWNSHIP, NJ – A $650,000 program to help Hamilton Township businesses cover the cost of their utility, rent and mortgage bills is now available, Mayor Jeff Martin announced Wednesday.
“Our residents and businesses have had their lives disrupted over the last 11 months due to the pandemic. If there is one thing COVID-19 has shown us is that we must come together and help each other out as a community. This program goes a long way to do just that and help out the businesses and residents of our Hamilton community, said Mayor Jeff Martin.
Program applications will fall into two categories: residential and business assistance.
For businesses, the Mortgage & Rental Relief Program will allow for rental and mortgage assistance for businesses who have been sufficiently impacted by the COVID-19 (coronavirus) pandemic. Eligible businesses must have been operating continuously with the same ownership since 2018 and provide documentation on the financial health of the business during the last four years. Businesses must have at least one full-time equivalent employee other than the owners, but not exceed 25 total number of employees, including the business owners. The emergency rental or mortgage assistance grant has a cap of $10,000 throughout a period of six months.
Business applications will be reviewed in coordination by the Township and Triad Associates, a New Jersey and Pennsylvania-based company with over 40 years of experience in grant writing, housing, community and economic develop, and strategic planning solutions.
“The release of this portion of our Mortgage and Rental Relief program for our businesses is the shot in the arm that they needed,” stated Fred Dumont, Director of Community & Economic Development. “Many of our businesses were wondering how they were going to pay their bills this winter. Giving them this relief is a win for everyone in Hamilton Township.”
The residential portion of the Mortgage & Rental Relief Program will allow for rental, mortgage or utility assistance to low and moderate income households that have had a substantial reduction in income or became unemployed due to the pandemic. The emergency rental or mortgage assistance grant has cap of $10,000 throughout a period of six months. All approved applicants will be reviewed at the three-month interval to see if they are still in need of assistance.
Residential applications will be reviewed in coordination by the Township and Arm In Arm, a local non-profit agency which assists Mercer County residents with food, housing, and job support.
More information on the program is available by visiting HamiltonNJ.com/MortgageRentalRelief.
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