The Congressional Progressive Caucus (CPC) has released a better off budget report titled The People’s Budget: A Progressive Path Forward for FY 2019.
NLIHC
According to the National Low Income Housing Coalition, the average rent for a two bedroom apartment/house is $316 more a month in New Jersey than the national average monthly rent.
NJ will be allocated $7,7M for 2018 from the Housing Trust Fund, a 35% increase from 2017 which was $5.6M. The funding will create affordable homes.
The NLIHC’s Out of Reach 2018 report revealed that the current wage that a renter in NJ would need to earn to afford a two-bedroom apartment is $28.17/hour.
On May 23, 2018, the House Appropriations Committee approved the FY19 HUD spending bill for affordable housing and community development programs. It was passed by a 34-17 vote.
