Out of Reach Ranks NJ in Top Five
Most Expensive States Over Last Decade
The Housing and Community Development Network of New Jersey (the Network) and Monarch Housing Associates will release the 2015 Out of Reach results, the annual national study by the National Low Income Housing Coalition (NLIHC) on rental home affordability.
More than a third of NJ residents are renters, and Out of Reach offers an in-depth look at housing costs by affordability data for every state, metropolitan area, and county in the country.
Last year, NJ ranked fifth and has been in the top five of least affordable states in the nation over the last decade. Community developers, local residents, and public officials will announce how NJ’s rental market compares to those in other states and make recommendations to address this housing shortage.
WHO: On hand to discuss the report’s findings and their implications for New Jerseyans during the event will be:
- The Honorable Thomas Lankey, mayor of the City of Edison
- Leslie Stivale, executive director, Triple C Housing
- Arnold Cohen, senior policy coordinator, the Network
- Paul M., resident of Kilmer Homes, a new affordable home development in Edison
- N’Kosi Oates, spokesperson for U.S. Representative Frank Pallone (NJ-6)
- Access to report data and interviews with local contacts will be available, by request, to speak with members of the media after the report’s release.
WHEN: Tuesday, May 19.
TIME: 11:00 a.m.
WHERE: Kilmer Homes Community Room located at 115 Truman Drive in Edison.
For Information: Nina Arce (609) 393-3752 x 1200