New Local Funding Source for Permanent Housing
On May 27, 2015, Essex County Approved a Homeless Trust Fund.
According to Britnee N. Timberlake, President of the Essex County Board of Chosen Freeholders, the Board is setting up a committee to manage the fund. Morris County becomes the 9th county in New Jersey to create a Trust Fund
The Trust Fund will fund moving homeless and formerly homeless individuals toward the goal of permanent affordable housing and self sufficiency.
In 2009, the New Jersey Legislature authorized counties to create Trust Funds by adding a surcharge of $3 for each document recorded by the County Clerk.
For the nine counties that have adopted the Funds over $1 million in combined funds have been raised since 2011. This funding helps prevent and end homelessness for many individuals and families in their communities.
- Passaic,Somerset and
Click here for the Fact Sheet on the Homeless Trust Fund. The fact sheet was prepared by the Housing and Community Development Network of NJ (HCDNNJ).
Click here to contact Arnold Cohen at HCDNNJ and Richard W. Brown at Monarch Housing for more information or for help in drafting your plan/ordinance.