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Gap Funding Initiative Housing Assistance Grants
GFI has become aware of the large number of RREM-approved homeowners who have chosen 'Pathway B' and decided to use a ‘Homeowner-Selected Contractor’ to complete the reconstruction or rehabilitation of their homes. Using homeowner feedback we are exploring ways to revise and expand GFI to help these homeowners address their unmet needs. Future program guidelines and modifications will be available on this website and GFI will notify homeowners who have applied to our program of any modifications that impact their eligibility. In the meantime, we will continue to accept applications under the existing eligibility requirements as outlined here. Thank you for your feedback and interest in the GFI program.
What is the Gap Funding Initiative

The Gap Funding Initiative (GFI) is offering grants of up to $30,000 to help homeowners cover the costs of home repairs they face as a result of Hurricane Sandy damage. Eligible homeowners must be approved for Rehabilitation, Reconstruction, Elevation and Mitigation (RREM) funds by the New Jersey Department of Community Affairs’ reNEW Jersey Stronger program and still have an ‘unmet need’ to cover the cost of home repairs (see Terms and Eligibility below). GFI awards are intended to bridge these financial gaps.

GFI is a $15 million pool, capitalized by contributions from the American Red Cross and the Hurricane Sandy New Jersey Relief Fund, and is administered by New Jersey Community Capital. GFI is not a reNEW Jersey Stronger or New Jersey Department of Community Affairs program. GFI awards are determined after the RREM Program’s grant award calculation has been finalized and are considered personally obtained funds.

Terms and Eligibility

Terms and Eligibility

  • Housing assistance grant awards of up to $30,000.
  • Applicants must have been approved for RREM funding and have signed a RREM Grant Agreement.
  • Applicants must have an ‘unmet need’ as determined in the ‘Homeowner Award Calculation’ prepared by the RREM program.
  • Applicant households must have an annual adjusted gross income of $100,000 or less or meet the criteria of a low-to-moderate income household as determined by the U.S. Department of Housing and Urban Development (HUD).
  • Applicants must reside in one of the following counties in New Jersey: Bergen, Hudson, Essex, Union, Middlesex, Monmouth, Ocean, Atlantic or Cape May.
  • Applicants must utilize a ‘RREM-Assigned Contractor’ to complete construction.
  • Applications will be reviewed in the order in which they are received until all available award funds are committed.
  • Housing assistance grants may not be used to fund homeowner selected upgrades or to reimburse homeowners for previously incurred expenses.
  • Housing assistance grants will be placed in awardees’ escrow accounts for disbursement during construction by the RREM escrow agent. Grant funds are applied last to the cost of construction, and unused grant funds will be returned to GFI.
How to Apply
About the Sponsors

About the Sponsors

The American Red Cross shelters, feeds and provides emotional support to victims of disasters; supplies about 40 percent of the nation's blood; teaches skills that save lives; provides international humanitarian aid; and supports military members and their families. The Red Cross is a not-for-profit organization that depends on volunteers and the generosity of the American public to perform its mission. For more information, please visit or visit us on Twitter at @RedCross.

The Hurricane Sandy New Jersey Relief Fund, chaired by First Lady Mary Pat Christie, raises and distributes funds to organizations active in the recovery and rebuilding efforts of communities impacted by the storm. The Relief Fund aims to make a sustainable, long-term impact and has awarded more than $25.7 million to over 90 organizations assisting New Jerseyans with mental health support and social services, housing assistance and mold remediation, and financial and legal counseling. You can learn more about the Relief Fund, view a list of its grantees or make a donation online at:

New Jersey Community Capital (NJCC) is a nonprofit community development financial institution that provides innovative financing and technical assistance to support sustainable community development ventures. Since being founded in 1987, NJCC has invested over $482 million to support families and communities in need, resulting in the creation or preservation of over 7,200 housing units, 6,600 early care spaces, 9,000 education slots, and 4,200 jobs across New Jersey. For more information about our programs

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