The poll revealed that most New Jerseyans want the entirety of the Affordable Housing Trust Fund to be used solely for building affordable homes. The polls results were published on June 7, 2018.
The poll informed residents that in recent years, the Affordable Housing Trust Fund has been used to pay for and fill the gaps in other state budget programs instead of being used for building critically needed affordable homes. An overwhelming 79% of poll respondents stated that Trust Fund funding should be used only for building homes. Only 16% said the government should be able to use these funds for other purposes, leaving 5% responding as unsure.
In total, 86% of respondents said that the cost of housing raises at least some concerns.
This broke down to 51% of respondents said they think that the cost of housing in New Jersey is a “very serious problem.”
35% said it was “somewhat problematic.”
49% of respondents said that it is “very difficult to find reasonably priced housing in the state”. 38% said that it is “somewhat difficult.”
In total, 87% of respondents said that there is some level of difficulty in finding reasonably priced housing.
The Rutgers-Eagleton Poll was conducted by telephone from April 26 to May 4, 2018. The respondents were selected via a random sample of 704 New Jersey adults who are 18 years or older.
The results from this poll demonstrate how many New Jerseyans are demanding more affordable housing. If this is something you are passionate about, you should join us at the 2018 Congressional Reception.
The New Jersey Affordable Housing Trust Fund (previously known as the New Jersey Balanced Housing Program) was intended to provide municipalities, nonprofit organizations, and for-profit developers with financial assistance to develop affordable housing. The Trust Fund was created to serve households with 80% or less of area median income (AMI.)
The funding served primarily as gap financing when other public subsidies and private financing was insufficient. Eligible activities included rehabilitation, creation of accessory apartments, conversion of nonresidential space to housing, acquisition of property, and grants to municipalities to study housing need. Local housing authorities were also eligible for assistance with rehabilitation for existing housing.
A maximum of $6 million per project is available. This program was inactive for some time and is now being used to fund the State Rental Assistance Program (SRAP) and various other housing programs.
On July 25th, a Congressional Reception will be held at the Dirksen Senate Auditorium in Washington D.C. This event will allow New Jersey Residents who are working poor, below the poverty line and or impacted by homelessness to urge their elected officials in Washington to make No Cuts to Housing and remind them that pOportunity Starts at Home.