Bank of America is seeking 2006 Requests for Funding from New Jersey IDA Program Providers.  Grants will be awarded to five awardees at $10,000 each.  Who can apply: Nonprofit organizations with 501 (c) 3 status who have been successfully managing an IDA program in NJ for at least 4 years.  Organizations must be receiving state or federal IDA participant matching funds to be considered.  Applications should include: Applicants should demonstrate how they have impacted their community and how grant funding will help the organization further its work in the community through the IDA Program; and how the IDA program has been successful through increased matching funds, increased participant accounts and continued operating grant support to run the program.  Submit Requests to: Patrick Kelly, Senior Vice President & Community Development  Market Manager, Bank of America, 301 Carnegie Center, Princeton, NJ 08540, NJ7-301-02-06 no later than June 15.

North Fork Bank is Now Offering New Affordable Mortgages: Pay no private mortgage insurance premium, up to $3000 closing cost grant, matched savings $5000 grant available, 3% downpayment on 1-4 unit, co-ops and condos, competitive rates with no points, and 30 or 40 year terms. For more information about this and other programs, contact Rosa Negron, Affordable Mortgage Specialist at 212-834-1107.

The Lead Hazard Control Assistance Act was signed into law on January 20, 2004 as a result of advocacy by the Network, New Jersey Citizen Action and others. The Act established the Emergency Lead Poisoning Relocation (ELPR) Program, which provides financial assistance to temporarily relocate a child and his or her family when that child has tested positive for lead poisoning, and that child is removed from his or her dwelling in connection with an order to abate a lead-based paint hazard. In extreme cases, where the child/family’s property is not able to be abated for lead-based paint hazards the ELPR will provide rental assistance for a new residence for the child/family for up to 48 months.

DCA is also taking applications to award loans, through the Lead Hazard Control Assistance (LHCA) Fund, to property owners to remediate and remove lead-based paint hazards for residences. Over $7 million is available for lead hazard control work for FY2006.

For LHCA program applications, frequently asked questions and program information, please visit: http://www.state.nj.us/dca/dcr/lhca/lchafaq.shtml

For ELPR program applications, frequently asked questions and program information, please visit: http://www.nj.gov/dca/dcr/elpr/elprsummary.shtml

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