NJ Needs Affordable Homes
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NJ Needs Affordable Homes

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This presentation explains the need for affordable homes in NJ and what can be done to make them more available.

This presentation explains the need for affordable homes in NJ and what can be done to make them more available.

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    NJ Needs Affordable Homes NJ Needs Affordable Homes Presentation Transcript

    • Everyone needs a safe and affordable home.
    • A safe, decent and affordable home will help address other critical issues such as education and health care
    • How can we increase the supply of these homes? A) Build and renovate for new housing opportunities. B) Rental assistance or increased incomes so people can afford existing homes.
    • Create more housing opportunities for low income people by passing two bills in the State Legislature.
    •  Turn some of the tens of thousands foreclosed home in NJ into housing people can afford.  Pass S.693/A475
    •  Create a fund to help non-profits and government address foreclosures by charging $800 when foreclosure complaints are filed.  Pass A1994.
    •  Expand New Jersey's state rental assistance program (SRAP) to serve more than the current 4,000 families.  Use the NJ Affordable Housing Trust to fund building and rehab of homes for people of lower incomes.
    • Other ways to increase the supply of homes people can afford:  New Jersey's Fair Housing Law has help provide housing for 60,000 lower income families since its implementation. We need this to continue under an independent state agency.