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Keeping Montclair Residents Informed

COVID-19 Financial Protections
Dear Resident,
 
Governor Phil Murphy announced that financial institutions will provide mortgage forbearance and financial protections for New Jerseyans facing economic hardship as a result COVID-19.

"Millions of hardworking New Jerseyans are suffering financial losses through no fault of their own as a result of the economic downturn brought on by COVID-19,"said Governor Murphy. "With this initiative, we can ensure that no one loses their home during this public health crisis."

Under Governor Murphy's proposal, New Jerseyans who are struggling financially as a result of COVID-19 may be eligible for the following relief upon contacting their financial institution:

90-Day Grace Period for Mortgage Payments
Financial institutions will offer, consistent with applicable guidelines, mortgage payment forbearances of up to 90 days to borrowers economically impacted by COVID-19. In addition, those institutions will:

  • Provide borrowers a streamlined process to request a forbearance for COVID-19-related reasons, supported with available documentation;
  • Confirm approval of and terms of forbearance program; and
  • Provide borrowers the opportunity to request additional relief, as practicable, upon continued showing of hardship due to COVID-19.

No Negative Credit Impacts Resulting from Relief
Financial institutions will not report derogatory tradelines (e.g., late payments) to credit reporting agencies, consistent with applicable guidelines, for borrowers taking advantage of COVID-19-related relief.

Moratorium on Initiating Foreclosure Sales or Evictions
For at least 60 days, financial institutions will not initiate foreclosure sales or evictions, consistent with applicable guidelines.

Relief from Fees and Charges
For at least 90 days, financial institutions will waive or refund at least the following for customers who have requested assistance:

  • Mortgage-related late fees; and
  • Other fees, including early CD withdrawals (subject to applicable federal regulations).
For more information on COVID-19 related mortgage relief, please click HERE.
 
NJEDA Announces New Partnerships
The New Jersey Economic Development Authority (NJEDA) announced that it is partnering with four organizations to offer support services to businesses seeking federal financial assistance through Small Business Administration (SBA) programs. This technical assistance is the latest in a series of steps New Jersey is taking to help small businesses impacted by the COVID-19 outbreak.

These organizations will help small business owners file their applications through the SBA to receive working capital loans to help them survive this crisis. Additional information about SBA program is available online at http://disasterloan.sba.gov/.

The following organizations have been selected to provide application assistance to businesses: This assistance includes, but is not limited to, preparing financial information, packaging application documentation, and completing and submitting the on-line or paper-based application. Compensation for these organizations will be based on completed and submitted SBA applications.

Last week the NJEDA announced a suite of new programs designed to support businesses and workers facing economic hardship due to the outbreak of the novel coronavirus COVID-19. Earlier this month the State launched an online portal dedicated to answering business owners’ questions related to the impact of the COVID-19 outbreak on businesses. The portal can be found HERE.
 

Watch

Managing a Public Health Crisis While Planning for Recovery


VIEW HERE

Links

Montclair Health Department

Novel Coronavirus Updates for Montclair Residents
READ MORE

Government Resources

Novel Coronavirus Updates for New Jersey READ MORE

Alerts

Municipal Court

By the March 27, 2020 Order of Chief Justice Stuart Rabner, all Municipal Court sessions are suspended through April 26, 2020.  During this time period, certain (emergent) Municipal Court matters will continue to be handled by Municipal Courts, consistent with the Chief Justice’s March 14, 2020 Order. 

Price Gouging


Remember - price-gouging is ILLEGAL. New Jersey has zero tolerance for price gouging related to COVID-19. If you suspect unfair price hikes on products like hand sanitizer or cleaning products, alert the New Jersey Division of Consumer Affairs at 973-504-6240, or ONLINE.

Mental Health


Struggling with your mental health and well-being during this experience?

866-202-4357

Call 8am-8pm Seven Days a Week 

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I hope you and your families are safe and healthy during this challenging time, and that you have the financial resources to continue staying home and following social distancing directives.

The health and well-being of our residents is our priority. We want to ensure you are accurately informed and empowered with the tools and knowledge to tackle this challenge calmly, with coordination.

Thank You,

Sean M. Spiller
Montclair's Third Ward Councilman
Candidate for Mayor

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Sean M. Spiller · P.O. Box 1290 · Montclair, NJ 07042 · USA