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, homeowners, 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 also requires the division to develop policies and procedures for publicizing available benefits, providing consultation services, and establishing uniform application forms. It specifies various categories for grant awards, including rental assistance, reimbursement for restoration costs, and funding for vehicle purchases or repairs. Additionally, the bill appropriates $100 million from the General Fund for these purposes and mandates a final report to be submitted to the Governor and Legislature detailing the distribution of funds and recommendations for future assistance.