Murphy signs bill allocating $750 million for eviction prevention in New Jersey washingtonexaminer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from washingtonexaminer.com Daily Mail and Mail on Sunday newspapers.
Murphy signs bill allocating $750 million for eviction prevention in New Jersey yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
According to the federal report, at least 79,000 of the city’s more than 700,000 residents are “rent burdened,” which means more than 30% of their income goes toward rent due to a lack of affordable housing. The Biden administration‘s American Jobs Plan (AJP) would allocate more than $200 billion to address housing issues nationwide.
Ms. Bonds, who chairs the Housing and Executive Administration Committee, said in an email that it is “exciting to see we will have resources to increase our affordable housing supply.”
“I look forward that at a minimum 20-30% of units [will] be affordable for incomes at 60% and below Area Medium Income (AMI) to allow retail, nonprofit and service industry households to have safe sanitary and quality living environments,” Ms. Bonds said.