Of those who applied for assistance with the Federal Emergency Management Agency in New Jersey 43 percent were renters; and
Out of that, 67 percent earn less than $30,000 annually.
“New Jersey has the fourth highest unemployment rate and continues to be the fourth most expensive place to rent, at the same time that we have one of the highest foreclosure rates in the country. We need better housing policies that create more homes people can afford, so there is a greater supply and a variety of choices for New Jerseyans,” said Staci Berger, director of policy and advocacy.
“We hope that Governor Christie’s proposal to rebuild Sandy affected communities will create more affordable homes, especially places to rent. In addition, we need our state budget to support this development, by continuing SRAP, and housing production resources to ensure that our all of our residents can rebuild and rebound after the economic tsunami and Superstorm Sandy.”