New Jersey has paid out less than 1% of a multimillion-dollar pot of federal money to help struggling homeowners catch up on their mortgages, property taxes, homeowner’s insurance and other housing costs, according to the state’s latest federal status report.

This February, New Jersey launched its application portal for a $325 million program called Emergency Rescue Mortgage Assistance, in which low- and middle-income families who fell behind on housing expenses due to COVID-19 could secure up to $35,000 each to prevent foreclosure using American Rescue Plan money.

Of the nearly $270 million budgeted for direct payment assistance, New Jersey doled out $2.2 million, or 0.81% of the funds, through June 30, 2022, according to a quarterly report filed with the U.S. Treasury obtained by NorthJersey.com through a public records request.

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