News Updates
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Housing Transition Team Advises Gov. Murphy to Acknowledge Crisis
Gov. Phil Murphy’s Housing Transition Advisory Committee recommends that he acknowledge New Jersey has a housing crisis and set six priorities for increasing New Jersey’s housing stock and keeping people in their homes. Keep reading »
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New Jersey’s Typical Resident
NJ Advance Media took a look at all of the most common traits of people in New Jersey using new Census data. It not only gives a portrait of New Jersey, but also how it’s changing. Keep reading »
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Federal Court Reinstates Small Area Fair Market Rent Requirement
Last month, a U.S. District Court ruled that HUD must implement its Small Area Fair Market Rent (SAFMR) rule starting January 1, 2018. The SAFMR rule was adopted in November 2016 with an effective date of January 1, 2018, but late last year HUD tried to delay its mandatory implementation for two years, citing plans to review public comments and do more analysis of costs and benefits. In November, civil rights groups responded by filing a lawsuit challenging HUD’s suspension of the rule, arguing that HUD’s action violates the Administrative Procedures Act, a law that governs how federal agencies propose and implement regulations. The goal of the SAMFR rule, which affects 24 metropolitan areas, is to allow more housing choice voucher holders to move into higher-opportunity neighborhoods. It pursues this goal by changing the calculation for housing voucher payments by using zip codes as the geographic boundary for the payment standards, rather than metropolitan boundaries. Keep reading »
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Housing Demand in Camden
The Camden, New Jersey Housing Market Area (Camden HMA) has been experiencing modest economic growth recently as state-based incentives encouraged more companies to relocate to the area. However, demand for housing remains low in the face of high foreclosure rates, declining home sales prices, and residents moving away from the area. A recent comprehensive housing market analysis on the Camden HMA examined the details of the local economy and housing market. Keep reading »
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Newark Creates Affordable Housing Czar Post
On December 11th Newark officials announced the creation of an “affordable housing czar” position. The post will help to ensure that Newark residents have access to the city’s growing number of affordable apartments and homes. The czar will also be responsible for making sure that developers comply with the city’s new and existing affordable housing laws. Read more here. Keep reading »
