Scott Feldman may not be able to afford to keep his house because of changes to the state program that made it feasible for him to buy the home nearly four years ago.
Police are considering the vandalism a bias incident.
Dozens of Fair Lawn residents attended a meeting about the changes Tuesday. Officials said they may make additional changes after hearing residents' concerns.
Proposed move would save Fair Lawn $25,000 per year for each member who uses the benefits.
The gun's serial number had been removed, according to Saddle Brook Police.
Fair Lawn officials presented a preliminary $47 million budget this week.
A driver hit the 10-year-old girl and her father while they were crossing Fair Lawn Avenue at Abbott Road Wednesday evening.
The school was recently recognized for last year's successful "Hoops For Heart" program.
The program started with three story times this fall.