Stimulus update: New Jersey homeowners can apply for ANCHOR program giving them up to $1,500
Asher Notheis
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New Jersey homeowners have until the end of the month to apply for a program that will provide them with some extra cash this year.
The Affordable New Jersey Communities for Homeowners and Renters program is accepting applications from homeowners in the Garden State until Jan. 31. The program will give homeowners $1,500 if their annual income is $150,000 or less and $1,000 if their annual income is over $150,000, according to the New Jersey Department of Taxation.
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Renters can also partake in this program, but they will be given significantly less than their homeowner counterparts. Any renters who apply for this program will be given a payment of $450, though they will need to be making $150,000 or less annually.
To apply for this program, homeowners will need both an ANCHOR ID and PIN, which they will use to apply online or by phone by calling 877-658-2972.
Applicants can also print an application from the internet and mail it in with any other documents required.
The department of taxation recommends that renters apply online. There is no phone option for renters to use to apply for this program, and they are also not given an ID or PIN.
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Residents who apply for this program will have their payments issued to them no later than May of this year. Payments will also not be given to recipients in the order that they were received.
Additional information regarding this program can be found online on the Division of Taxation’s website.