Affordable Rent

(as applicable to the rebuilding or repairing of owner-occupied, or non-owner occupied rental units): Rent not exceeding fair market value rent current index within relevant geographic area.

Damage

Loss to essential personal or real property that results in need for repair, rebuilding or replacement

Disaster affecting the Ocean Area

A disaster impacting the area within Ocean County, and decided by the OCLTRG to be within the protocols of coverage. Each disaster event will be reviewed independently for decision.

Definition of Area

All areas within geographic confines of Ocean County

Essential

Deemed necessary by the OCLTRG for the individual’s or family’s recovery from a disaster affecting the Ocean Area

Financial Determination of Need

Individuals determined to be living below current Self-Sufficiency standards, or any applicant who is determined to be financially unstable due to the financial burdens incurred from the disaster.

Loss

Result of a disaster affecting the Ocean County that leaves an individual, family or owner in a less favorable position than before the disaster affecting the Ocean Area.

As a result of a disaster affecting the Ocean County area includes