Credit: andrew mead via unsplash
New homeowners
A new assistance program for needy first-time homebuyers and a new tax incentive to encourage saving for a first home are the latest legislative efforts to help people purchase a house in one of the most expensive states for housing in the nation.
The Senate Community and Urban Affairs Committee on Thursday approved two bills to expand financial assistance to help people buy or rehab a first home. It also endorsed a measure that would provide a period of mortgage forbearance to some homeowners impacted by the coronavirus pandemic.
One bill (S-1762) would create the New Jersey First-Time Home Buyer Savings Account Program. Under this program, people with incomes of $175,000 or less and who have never owned a house would be able to establish a special savings account at a participating bank to deposit money toward a home purchase. A saver would get a 5% state income-tax credit for contributions of up to $15,000 a year to the account.
Press Releases
Governor Murphy and United States Secretary of Housing and Urban Development Marcia Fudge Host Groundbreaking for Rebuild by Design Hudson River Project in Hoboken May 6, 2021, 4:58 pm | in
Governor Murphy and United States Secretary of Housing and Urban Development Marcia Fudge Host Groundbreaking for Rebuild by Design Hudson River Project in Hoboken
05/6/2021
Resilient Infrastructure Project Made Possible by $230 Million in Superstorm Sandy Recovery Funding from the U.S. Department of Housing and Urban Development
HOBOKEN – Governor Phil Murphy and United States Secretary of Housing and Urban Development Marcia Fudge today broke ground on the Rebuild by Design Hudson River Project in Hoboken. The resilient infrastructure project, made possible by over $230 million in Superstorm Sandy recovery funding from the U.S. Department of Housing and Urban Development, has been in the planning stages for several years and will protect communiti
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Cambodia has 18 drug rehabilitation centres, of which 11 are state-run, three are private establishments, and four are NGOs. Heng Chivoan
Drug rehabilitation centres to reopen after Covid outbreak ends; problems persist
Thu, 6 May 2021
All drug rehabilitation centres in Cambodia will reopen to admit people with drug problems after the February 20 community outbreak of Covid-19 ends, according to a senior official of the General Secretariat of the National Authority for Combating Drugs (NACD).
Lim Tong Huot, director of the General Secretariat s Legislation, Education and Rehabilitation Department, told The Post on May 5 that since the outbreak, centres have also stopped visitors entering them.
New Jersey s entire House delegation has signed a letter asking the federal government to grant financial relief to families and towns still recovering from 2012 s superstorm Sandy.
The letter, written by U.S. Rep. Frank Pallone Jr., asks leaders of the House appropriation committees to grant Housing and Urban Development Secretary Marcia Fudge the ability to waive the recoupment of federal funds owed by New Jersey homeowners who participated in Sandy rebuilding programs.
The Murphy administration announced a freeze on the recoupment process, also known as clawbacks, in 2018, saying the state Department of Community Affairs would no longer be attempting to collect repayment of grant funds. But while the freeze was welcomed by Sandy victims, it has also left them in limbo, unsure if they will be asked to repay some of the grant funds they received.