NJ Senate Approves Resolution Calling on Congress to Prioritize Housing Affordability in Reconciliation Package
Resolution supporting significant investments to “HouseNJ” awaits action in Assembly
TRENTON – The New Jersey Senate passed a resolution last week urging Congress to include funding to increase affordable home production, prevent homelessness, and reduce housing instability in any federal reconciliation bill. Investments targeting home affordability are part of the “HouseNJ” campaign agenda promoted by the Housing and Community Development Network of New Jersey (the Network). On the Senate vote, Network President and Chief Executive Officer Staci Berger issued the following statement:
“There is no end in sight for NJ residents that are paying more for gas, groceries, childcare, rent, mortgage, and other everyday necessities. More Americans are spending a significant chunk of their pay on housing costs and eventually, it’s going to have a damaging impact on our economy. Our elected officials need to wake up and act without delay, it is absolutely imperative that we address housing affordability.
“Thank you to the resolution sponsors, Senators Pou and Gopal, as well as Senate President Scutari and the members of the NJ Senate for joining the call for historic, essential housing investments in the Congressional budget reconciliation bill. Federal housing investments combined with state level interventions to tackle home affordability and security, can help ‘HouseNJ’ and lay a foundation to make our state a more affordable place to live for generations to come.”
Earlier this month, an NJ Assembly committee voted to advance the resolution and it now awaits consideration before the entire Assembly. Local versions of the resolution have already been passed in the Cites of Newark and Asbury Park as well as the Boroughs of Metuchen, Red Bank and Highland Park, with others to follow.
About the Housing and Community Development Network of NJ
The Housing and Community Development Network of New Jersey is the statewide association of more than 270 community development corporations, individuals and other organizations that support the creation of affordable homes, economic opportunities, and strong communities. For more information on the Network, visit www.hcdnnj.org.