This bill aims to provide financial assistance to eligible property owners, renters, and vehicle owners in New Jersey who were impacted by the remnants of Hurricane Ida. It defines "eligible" individuals as those who qualify for Community Development Block Grant Disaster Recovery (CDBG-DR) funds due to damage sustained to their primary residence or personal property as a result of the storm. The bill outlines the criteria for establishing damages for renters, property owners, and vehicle owners, and mandates the Division of Disaster Recovery and Mitigation in the Department of Community Affairs to oversee the disbursement of funds.

The bill appropriates $100 million from the General Fund to support these efforts and requires the division to develop policies and procedures for publicizing available benefits, providing consultation services, and establishing a uniform application process. Additionally, it includes provisions for prioritizing claims if the total requested benefits exceed the appropriated amount. A final report detailing the number of applicants, awards disbursed, and recommendations for future funding disbursement is to be submitted to the Governor and the Legislature within one year after all funds are allocated.