Rents in New Jersey remain unaffordable despite pandemic aid, report finds

BY: - July 28, 2022

New Jersey remains among the least affordable states in the nation for renters, with a minimum-wage worker having to work 96 hours a week to afford a two-bedroom apartment, according to a new report from the National Low Income Housing Coalition. Temporary housing aid put in place during the pandemic — emergency rental assistance and eviction moratoriums […]

Bill advances that would bar discrimination in home appraisals

BY: - June 2, 2022

A Senate panel advanced a bill Thursday that would bar real estate appraisers from lowering a home’s appraised value because of the race of the owner or buyer, and create steep penalties for those who run afoul of the safeguards. Supporters say the bill, sponsored by Sen. Nellie Pou (D-Passaic), is a bid to bridge […]

Bill would set aside $25M annually in down payment aid for first-time home buyers

BY: - May 12, 2022

A Senate panel has unanimously advanced a measure setting aside millions for down payment assistance for some first-time home buyers, but questions remain about the bill’s future. The bill, which cleared the panel in a unanimous vote Monday, would set aside $25 million annually for four years to fund grants of up to $10,000 for […]

Business groups, progressives name divergent budget priorities

BY: - March 30, 2022

Business and progressive groups presented Senate lawmakers with divergent views on how to use surging revenues and billions in remaining federal aid at the first of the chamber’s annual budget hearings Tuesday. Representatives from the New Jersey Business and Industry Association and the Chambers of Commerce of New Jersey and Southern New Jersey praised Gov. […]

Murphy plan would use $305M to build 3,000 affordable housing units

BY: - March 14, 2022

As the affordable housing crisis worsens nationally, Gov. Phil Murphy wants to dedicate $305 million to construct affordable housing units, a plan advocates say would remove funding obstacles for thousands of homes across New Jersey. Murphy presented the plan during his budget address Tuesday, calling for $305 million in federal American Rescue Plan dollars to be […]

Murphy adds $10M to program that helps homeowners avoid foreclosure

BY: - February 17, 2022

Gov. Phil Murphy is allocating $10 million in federal COVID funds to a state program aimed at preventing foreclosures. The state Housing and Mortgage Finance Agency will use the dollars from the federal American Rescue Plan to offer financial assistance to some homeowners facing foreclosure and renovate and sell properties left vacant. The effort is […]

New Jerseyans can now apply for $35K in state mortgage assistance

BY: - February 9, 2022

New Jersey began accepting applications for up to $35,000 in mortgage assistance for homeowners impacted by the pandemic Tuesday. The program, announced last month, is open to homeowners who can demonstrate they experienced pandemic-related financial hardship after Jan. 20, 2020, and whose income does not exceed 150% of their area’s median income. You must own and […]

Judiciary weighs shielding old eviction documents

BY: - January 18, 2022

The New Jersey Supreme Court is asking for written comment on a proposed rules change that would prevent the release of old eviction documents, a bid to avoid continually impacting once-troubled renters. The proposed rule would block the disclosure of documents in cases more than seven years old where a judgment for possession was issued. […]

Eviction moratorium to lapse with year’s end

BY: - December 28, 2021

New Jersey’s eviction moratorium is set to expire with the start of the new year, ending protections for roughly 350,000 middle and low-income households that have been in place since March 2020. Though a broader ban that barred removals for all New Jerseyans regardless of income level expired in August, a bill Murphy signed early […]

Bill advances that would punish discriminatory real estate appraisers

BY: - December 7, 2021

A New Jersey Senate committee advanced a bill Monday that would penalize real estate professionals who make discriminatory residential appraisals based race, creed, color, or national origin. The bill would also require appraisers to provide property sellers with information about how to report suspected discrimination to the state Division of Consumer Affairs. Offenders face fines […]

Tenants seeking N.J. rental relief have until Dec. 15 to apply

BY: - November 17, 2021

A program providing rental relief for struggling New Jersey tenants during the coronavirus pandemic will close applications on Dec. 15, the Department of Community Affairs announced. Since the COVID-19 Emergency Rental Assistance Program launched in July 2020, more than $500 million has been distributed to residents: $92 million to 15,000 families during the first phase […]

In Jersey City, frustration flares up over a controversial affordable housing program

BY: - October 29, 2021

Luisa Reyes Mantilla was a young single mother in 1994 when she spotted an advertisement for low-income, first-time homebuyers in Jersey City. To qualify, you had to have good credit, a few thousand dollars in the bank, and a willingness to rent the other half of your duplex to someone similarly in need. She called […]