State Budget Causes Upset in Affordable Housing Community
The Affordable Housing Trust Fund was created in 1985 as part of the New Jersey Fair Housing Act to create a funding stream for rental and homeownership projects with 25 or fewer units. The funding comes from a tax on real estate sales. Now dozens of small housing projects are on hold after New Jersey lawmakers agreed to divert money from the fund. You can read about the budget in the Asbury Park Press and the New Jersey Monitor.
