1TRENTON, NJ – A new proposal in the State Assembly would allocate $125 million to replenish New Jersey’s Affordable Housing Trust Fund, restoring money diverted from the fund in recent budget cycles.

Assemblywoman Shanique Speight (D-Essex/Hudson) introduced the bill Monday, seeking to reinvest in affordable housing initiatives across municipalities that have approved fair share housing plans and compliance certifications.

The funding would be used for grants and loans supporting housing construction and rehabilitation programs authorized under the Fair Housing Act.

Rebuilding the Affordable Housing Trust Fund

The measure, Assembly Bill 6059, appropriates the $125 million directly from the state’s General Fund to the New Jersey Affordable Housing Trust Fund (NJAHTF). The bill’s spons

See Full Page