Timberlake Sponsors Resolution to Restore $46.5 Million to Affordable Housing Trust Fund
The 2019 proposed state budget diverts the Affordable Housing Trust Fund (AHTF) instead of preserving the AHTF for affordable home production as intended. New Jersey has a housing affordability crisis that we simply cannot ignore.
According to the newly released Out of Reach report, New Jersey is stuck as the sixth most expensive state to rent an apartment. Now more than ever before, New Jerseyans are concerned about housing affordability.
Hello, my name is __________ from ___________ and I am calling to express my concern about the proposed budget which diverts all of the funds intended for the Affordable Housing Trust Fund. New Jersey has an urgent housing affordability crisis and diverting dollars intended for housing production perpetuates a problem that hurts our economy. I urge you to fully fund the Affordable Housing Trust Fund as intended to make New Jersey an affordable place everyone can call home.
And you can reach Governor Murphy and legislative leaders at the numbers below:
“In America, everyone should be able to afford housing. It is our responsibility as legislators to ensure that this basic necessity remains accessible for our working-class families and those struggling to make ends meet in New Jersey,” said Assemblywoman Timberlake. She went on to add, “I will fight for every dollar in favor of high quality affordable housing for all. That means that here in New Jersey, all funds for workforce housing must stay at the Department of Community Affairs for its intended purpose.”
New Jersey’s Affordable Housing Trust Fund was designed to assist municipalities, nonprofits and for-profit developers to create homes families can afford, primarily through gap financing when other public subsidies and private financing was insufficient.