Highlights of Lobby Day Includes Foreclosure Report
The Housing and Community Development Network of New Jersey (the Network) thanks everyone who participated in their annual lobby day on June 5. The Network appreciates those who made the trip to Trenton.
The Network organized meetings with legislators and participated in a committee hearing on the state of foreclosures where it presented the annual foreclosure update from Kathe Newman, associate professor and director of the Ralph W. Voorhees Center for Civic Engagement at the Bloustein School of Planning and Public Policy at Rutgers.
The report found that the foreclosure rate in the Vineland-Millville-Bridgeton metro area holds the dubious distinction of being the worst in the nation with the Atlantic City-Hammonton area a close second. New Jersey has three other metro areas in the top 100 for foreclosure filing in the nation. An examination of foreclosure filings in 2013 found that in Bergen, Essex, Middlesex, Monmouth, Ocean and Camden Counties, there were approximately 3000-5000 in each. Another seven counties – Passaic, Hudson, Union, Mercer, Burlington, Gloucester and Atlantic saw between 2000-3000 filings each.
“The foreclosure crisis is the albatross around the neck of our economic recovery. Not one of the counties in our state has seen home prices regain their value from 2006. We can, and we must do better. There are so many ways the state can support foreclosure prevention efforts, from funding counseling to helping to preserve homes in foreclosure, to encouraging mortgage modifications.”
Lobby Day participants also signed flip-flops and told legislators “Don’t Flip Flop on the Sandy Bill of Rights!”
Advocacy efforts in Trenton do have an impact. Please continue to reach out to your legislators and urge them to override the Sandy Bill of Rights veto.