Page 42 - துறை ஆஃப் சமூக வாழ்க்கைத்தொழில்கள் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Credit: Capri23auto from Pixabay File photo New Jersey’s Affordable Housing Trust Fund could face what some advocates say is another raid on its dedicated fund in the coming fiscal year if Gov. Phil Murphy’s budget is adopted as drafted by lawmakers. Administration officials say they do not consider the proposed use of $20 million from the fund for the NJ Housing and Mortgage Finance Agency’s (HMFA) Down Payment Assistance program as a raid. That program provides a $10,000 interest-free forgivable loan to first-time homebuyers in the state to cover a down payment and closing costs. There is an income cap to qualify, but it’s 140% of the area’s median income, which is not limited to a single county. Trust-fund money is supposed to build or support homes for those with no more than 80% of the median income.

Bergen countyNew jerseyUnited statesConnie mercerLisa ryanStaci bergerJon corzineChris christiePasqualina deboerPhil murphyMortgage finance agencyDepartment of community affairsAffordable housing trust fundJersey affordable housing trust fundCommunity development network of new jerseyJersey institute for social justice