When navigating the sandy grant process, has me wondering, “who the heck qualifies for this stuff?’
Per the Tom’s River Patch: “On average, a family of four would have to make less than $68,000 per year to qualify for the RREM, said Richard E. Constable, commissioner of the state Department of Community Affairs in a media conference call .” The median income for Highlands is approx $79,000 according to the 2010 Census. The average household size was 1.91 and the average family size was 2.70
Even with the Robin Hood Foundation, candidates must meet the low to moderate income levels of $52,900 for a household of 2.
Of the total 2800 households, 1100 were occupied by renters. So 45% of the total households in Highlands don’t qualify for any of the grant money because they were ‘income properties.’ Of the total number of households whose median income is $79,000, the 1/2 that earns under $79,000, do you think they were the “home owners” or the “renters”?
So let’s do a little math, 2800 total households, 50% of those earn more than $79000, so the pool drops to 1400, if we apply the percentage of renters to that number we are now down to 630 households. From there, remember of the 50% of the people that earn less than $79,000, you still need to earn less than (approx) $53k. So the pool of people earning from $53k – $79k in 2 ppl households are eliminated, so let’s just say 1/3. So the number would drop to 420. Then think the RREM money isn’t “just for Highlands” you are completing against EVERYONE in the state under the same circumstances and there are ONLY 6000 households total. That would probably cut the chances even further to about 150. So that means you have a little over 5% chance of qualifying.