TRENTON – The Housing and Community Development Network of New Jersey (the Network) applauded the adoption of the revised state budget, signed by Gov. Phil Murphy today. The budget includes a renewed investment in the Affordable Housing Trust Fund and Neighborhood Revitalization Tax Credit Program. On the budget, Network President and Chief Executive Officer Staci Berger issued the following statement:

“The effects of the economically crippling health pandemic have devastated our families and will be felt for years to come. Tens of thousands of residents are dealing with the emotional and financial strain of housing instability; we applaud the renewed investment in the Affordable Housing Trust Fund to create the homes NJ’s residents and economy needs. Housing is health and it’s been fundamental to stemming the spread of the virus.

“Governor Murphy and New Jersey’s legislators had a monumental task of delivering a budget which puts our state on sound financial footing. They did this while emphasizing fairness, promoting economic security and keeping residents safely and stably housed. We’re pleased to see this budget, which includes a Millionaires Tax, and other sensible solutions, signed by the governor so we can create the healthy and affordable communities necessary to build a thriving NJ.”

About the Housing and Community Development Network of NJ
The Housing and Community Development Network of New Jersey is the statewide association of more than 250 community development corporations, individuals and other organizations that support the creation of affordable homes, economic opportunities, and strong communities. For more information on the Network, visit www.hcdnnj.org.

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