New Jersey A2246 allocates $125 million to restore funding for affordable housing projects from the New Jersey Affordable Housing Trust Fund.
New Jersey A2246 appropriates $125 million to the New Jersey Affordable Housing Trust Fund. This funding aims to restore budget diversions from the trust fund, supporting grants and loans for housing projects in municipalities with certified fair share plans and housing elements. The bill authorizes the use of these funds for other purposes permitted under the New Jersey Affordable Housing Trust Fund. The act takes effect immediately upon enactment.
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