The ANCHOR program is designed to provide financial assistance to homeowners who have been impacted by the COVID-19 pandemic. The funds can be used to help pay for expenses such as mortgage payments, property taxes, and home repairs. To be eligible for the program, homeowners must meet certain income and asset limits, they will receive $1,500 if their annual income is $150,000 or less and $1,000 if their annual income is over $150,000, this is according to the New Jersey Division of Taxation.
To apply for this program, homeowners will need both an ANCHOR ID and PIN, which they will use to apply online or by calling 877-658-2972.
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Renters will not receive as much as homeowners, but they can still apply and receive a payment of $450 as long as they make $150,000 or less annually.
The Division of Taxation advises that renters apply online. There is no phone option for renters to use to apply for this program, and they are not given an ID or PIN.
The ANCHOR program is a valuable resource for New Jersey homeowners who have been struggling to make ends meet during the pandemic. The financial assistance provided by the program can help alleviate some of the financial stress and uncertainty caused by the pandemic. However, time is running out to apply, and homeowners who want to take advantage of the program must act quickly.
In conclusion, the ANCHOR program is a great way for New Jersey homeowners to get financial assistance of up to $1,500 to help with mortgage payments, property taxes, and home repairs. The deadline to apply is fast approaching, so if you are eligible and want to take advantage of this opportunity, make sure you apply in the next eight days.
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