The Authority will be administering two COVID-19 Economic Injury Programs
Forgivable Business Loan Program
Rental/Mortgage Assistance Program
Due to COVID-19 concerns, no applications or supporting documents will be accepted in person. To quicken the submission and review of your application, it is highly suggested that you use the application portal available on this website. You can find the registration links below.
If for some reason you cannot use the application portal, the applications and supporting documents may be mailed to:
The Atlantic County Improvement Authority
C/O Community Development Office
1333 Atlantic Avenue, Suite 700
Atlantic City, NJ 08401
Submitting the application and supporting documentation by mail will cause a delay in the processing of your application. Funds will be awarded on a first-come, first-serve basis determined by the submission of a full and complete application and all necessary supporting documents.
The CDBG-CV Short Term Emergency Rental and Mortgage Assistance Grant Program will provide temporary rental and mortgage assistance, for up to six months, to low- and moderate-income households that have had a substantial reduction in income or became unemployed due the COVID-19 pandemic. Applicants may be eligible for a grant for a maximum of up to six months of emergency rental or mortgage assistance. The assistance, per month for rental assistance and mortgage assistance, will be capped at DCA’s fair market rent standard or the total of the rent or mortgage payment, whichever is lesser. The maximum amount of assistance available per rental household is $10,000 throughout a period of six months. All participants will be reviewed at the three-month interval to see if they are still in need of assistance. Persons applying must meet all applicable program income and eligibility requirements.
The program will be administered by the Atlantic County Improvement Authority under the direction of the Executive Director, John Lamey.
Current annualized household income must be at or below 80% of the Area Median Income (AMI) for Atlantic County for the size of the applicant household.
| # of Household Members | 80% of Median Income |
| 1 Person | $46,450.00 |
| 2 Persons | $53,100.00 |
| 3 Persons | $59,750.00 |
| 4 Persons | $66,350.00 |
| 5 Persons | $71,700.00 |
| 6 Persons | $77,000.00 |
| 7 Persons | $82,300.00 |
| 8 Persons | $87,600.00 |
Applicants must disclose other local, state and federal rental/mortgage assistance received. These benefits will be taken into consideration when determining the amount that will be provided to the applicant for rental or mortgage assistance.
Applicants will be required to document financial hardship due to COVID-19.
These funds are intended to be emergency assistance.
Register to Begin Rental or Mortgage Assistance Application
The purpose of this program is to provide short-term, forgivable working capital loans intended to assist business in recovering from revenue losses and increased expenses resulting from Social Distancing requirements and mandated restrictions and limitations to normal operating procedures imposed in response to the Corona Virus.
Loans will be made up to $25,000 at 3% interest and require personal guarantees by all owners with a 20% or greater share of the business. Principal and Interest will be deferred for a period of two years at which time the loan will be forgiven provided the company remains in business.
Should the company cease operations at any time prior to two years of the original disbursement of funds the loan will enter immediate repayment status. Accumulated interested will be added to the principal amount borrowed, and the principal plus accumulated interest will be amortized with monthly payments due over a five-year period at 3%.
The Coronavirus crisis and the disruption of business revenues and potential of job loss serves as the purpose of this grant program. The business must submit a statement of Coronavirus business disruption and/or revenue loss and explain how the CDBG assistance will be used to maintain the employment of existing employees.
Program Objective: Avoid job loss due to business closures related to social distancing requirements by providing short term working capital assistance to enable the retention and/or creation of jobs held by or made available to low- and moderate-income persons. For example, mandated restrictions on pre-pandemic levels of operations such as
Reimbursement and advances are based on payroll records, rent and overhead expenses. The amount is determined based on working capital required to keep current staff employed or reemploy employees laid off as a result of the crisis.
Objective: Assist in the retention and/or creation of jobs held by or made available to low and moderate income persons by providing reimbursement for costs incurred in the purchase and installation of equipment, materials and supplies, and/or the reconfiguring of work spaces to prevent the spread of infectious disease by establishing protocols for safe business operations.
For example
Application Fee of $200.00 -Checks should be mailed to:
Atlantic County Improvement Authority,
1333 Atlantic Avenue, Suite 700,
Atlantic City, NJ 08401
Attn: Lisa Duffner