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.
Lisa McCormick is the new Kanye West
politico.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from politico.com Daily Mail and Mail on Sunday newspapers.
NJ hopes to head off nation s worst eviction crisis post-COVID
nj1015.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nj1015.com Daily Mail and Mail on Sunday newspapers.
To embed, copy and paste the code into your website or blog:
The New Jersey Economic Recovery Act of 2020 (ERA), a seven-year, $14 billion package of incentive programs intended to encourage New Jersey job growth, property development and redevelopment, community partnerships, and numerous other economic development initiatives, was signed into law by Governor Phil Murphy on January 7, 2021.
This Client Alert focuses on the Food Desert Relief Program, enacted as part of the ERA legislation to alleviate food insecurity and increase access to nutritious food in food desert communities across New Jersey. The program provides economic incentives to eligible businesses to construct, operate and retain grocery stores in communities that are underserved by grocery stores, supermarkets and other food retailers. It is intended to present unique opportunities for food retailers to expand their business into urban food desert communities that they may not otherwise serve due to economic chall