On Tuesday, November 7, 2017, New Jerseyans will elect a new governor. Leading up to that general election, the Democratic and Republican parties will hold primary elections on Tuesday, June 6, 2017.
New Jersey has an affordable housing crisis is a complicated problem that is getting worse.
The crisis is impacted by New Jersey’s high foreclosure rate and very high cost of living.
And the problem could be compounded by potential cuts in federal housing funding.
“The issue of finding homes for the residents in the state’s lowest income bracket is a policy fight marked by resources that are increasingly strained and tainted by decades of legal disputes. Whomever assumes the governorship will need to navigate the state’s crippling foreclosure rates and sky-high cost of living, combined with potential cuts in housing-related aid from Washington. In addition, hundreds of municipalities will soon be saddled with newly assigned affordable housing requirements, as towns and advocates duke it out in court.”
POLITCO New Jersey asked the six leading candidates to lead the state how they would solve New Jersey’s affordable housing crisis.
As a summary of where they stand:
“The two major Republican candidates — Assemblyman Jack Ciattarelli and Lt. Gov. Kim Guadagno — focused on overhauling how the state hands out affordable housing obligations. The current approach of Superior Court judges assigning housing quotas to each town is not working, they said. Instead, they said, formula should be reworked to put the housing where there are jobs and public transit.”
And “The four main Democratic candidates — Jim Johnson, Sen. Ray Lesniak, Phil Murphy and Assemblyman John Wisniewski — presented plans that focused on beefing up resources and expanding tax credits for the construction of affordable units. Interestingly, there was a specific, kill two birds with one stone approach that emerged — flipping foreclosed homes into affordable ones. The approaches were varied, but the sentiment similar in that a blemish on New Jersey’s record as the state with the highest foreclosure rate in the nation could be an untapped opportunity.”
The article goes into more specific plans from each of the candidates and quotes their ideas.