New Jersey Offers 12 Months Mortgage Forbearance to Ida Victims
- Many Hurricane Ida survivors in New Jersey still face significant financial difficulties, three years after the disaster.
- The new law offers a temporary financial reprieve, but many residents express that it doesn't fully meet their needs.
- There is a general consensus that further assistance is required to support those affected in the long-term.
Three years after Hurricane Ida, survivors in New Jersey continue to grapple with financial strain. Recently, Governor Phil Murphy enacted legislation that provides victims up to 12 months of mortgage forbearance, allowing for either a temporary reduction or pause in payments along with foreclosure protection. The move is seen as a significant relief for some but is met with mixed reactions, especially in Manville, a heavily impacted area. While individuals like Leanna Jones view the law as critical for maintaining housing stability, others, like Briana Lohr, feel excluded because they do not qualify for forbearance. This dissatisfaction arises from conditions linked to property eligibility and prior damage disclosures. Additionally, residents highlight broader needs, such as assistance for home elevation to avoid future flooding risk. The legislation reflects ongoing challenges in recovery and the community's urgent call for more comprehensive support measures.