Momentum for State to Buy Foreclosed Homes, Turn Into Affordable Housing
With the number of bank-owned homes in the state reaching an 11-year high of 23,322 last year, lawmakers are again pushing to put in place a program to repurpose foreclosed housing. Various attempts to enact a similar effort were vetoed by former Gov. Chris Christie. This year, with a governor who campaigned in support of affordable housing, supporters believe the measure has a much better chance of enactment. Read the story here.