Welcome to my Virtual District Office!
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Singleton, Green, Mukherji & Lampitt Bill to Help Create more Affordable Housing in NJ Approved by Assembly PanelAn Assembly panel on Monday approved legislation sponsored by Assembly Democrats Troy Singleton (D-Burlington), Jerry Green (D-Middlesex/Somerset/Union), Raj Mukherji (D-Hudson) and Pamela Lampitt (D-Camden/Burlington) to help create more affordable housing.
The poor and middle class in particular have seen their incomes fall between 1990 and 2014. New Jersey is among the states where inequality has grown the most. This growing income disparity, combined with the effects of the Great Recession and the burst of the housing bubble in the last decade, have created systematic disincentives to financing low and very low income housing when the need for this type of housing is increasing. This bill hopes to address this imbalance.
"Affordable housing options in the state are limited and this proposal seeks to allow people to have a fair shot to live in a thriving community," said Singleton. "This can help incentivize developers to create housing to help accommodate some of our most vulnerable residents."