Please Urge Your Legislator(s) and Governor to Extend Deadline for Local Projects
Please join Monarch Housing Associates in supporting legislative efforts to extend the deadline by two years for continued use of municipal housing trust funds for local projects.
You can follow the lead of the League of Municipalities and the Housing and Community Development Network of New Jersey by contacting your state legislators with a copy or supporting message to Governor Christie urging this legislation to be adopted and signed into law. Without this public law, municipal housing trust fund dollars that have accrued for the past 4 years will be returned to the state on Tuesday, July 17, 2012.
You can use the sample letter below and add why this legislation is important to your agency or to you personally:
Extend the deadline to commit municipal housing trust fund dollars from four years from the date of collection to six years. Thus, dollars subject to forfeiture to the State this July would be protected until July 2014; and
Provide that any dollars forfeited after six years will either be transferred to the State Affordable housing Trust Fund, or to the County if it has established a Homelessness Trust Fund or if it serves an urban county. This provision allows for the trust fund dollars to be retained and used locally.
You can also join the Housing and Community Development Network of New Jersey (the Network) for their Thursday, June 7, 2012 lobby day in Trenton and share your message with legislators in person! Click here to register for the lobby day.