Lt. gov. supports housing fund diversion | NJ Spotlight News

Lt. gov. supports housing fund diversion | NJ Spotlight News


Credit: (Edwin J. Torres/ Governor’s Office; CC BY-NC 2.0)
New Jersey Lt. Gov. Sheila Oliver
Lt. Gov. Sheila Oliver is defending the administration’s plan to use $20 million that is supposed to be dedicated to supporting New Jersey’s Affordable Housing Trust Fund to instead underwrite another housing-related effort.
Speaking during a legislative budget hearing Monday, Oliver said the $20 million will prop up a first-time homebuyers’ program and help address broader concerns about the uneven distribution of wealth in New Jersey — or what is generally referred to as income inequality.
“A lot of us feel that this is an important public policy issue,” Oliver told members of the Assembly Budget Committee who asked questions about the proposed fund transfer.

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