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 appropriates $100 million from the General Fund for this purpose. The bill defines "eligible property owner, renter, or vehicle owner" as individuals or households that qualify for Community Development Block Grant Disaster Recovery (CDBG-DR) funds due to damage sustained from the hurricane, with specific criteria for establishing damages based on evidence from FEMA or insurance documentation. The Division of Disaster Recovery and Mitigation in the Department of Community Affairs will oversee the disbursement of these funds and is tasked with developing policies and procedures for application processes, public outreach, and prioritization of claims.

Additionally, the bill outlines various categories for which grants can be awarded, including rental assistance, reimbursement for restoration costs, and funding for vehicle purchases or repairs. The division is required to issue a final report to the Governor and the Legislature within one year of disbursing all funds, detailing the number of applications received, awards granted, and recommendations for future funding disbursements. This structured approach aims to ensure that assistance reaches those most affected by the disaster in a timely and efficient manner.