{"id":613,"date":"2022-02-17T20:09:30","date_gmt":"2022-02-17T20:09:30","guid":{"rendered":"https:\/\/fairsharehodev.wpengine.com\/?p=613"},"modified":"2024-08-06T23:04:50","modified_gmt":"2024-08-06T23:04:50","slug":"fair-share-housing-center-applauds-governor-murphys-historic-300-million-investment-in-affordable-homes-in-his-fy23-proposed-budget","status":"publish","type":"press-release","link":"https:\/\/www.fairsharehousing.org\/es\/press-release\/fair-share-housing-center-applauds-governor-murphys-historic-300-million-investment-in-affordable-homes-in-his-fy23-proposed-budget\/","title":{"rendered":"Fair Share Housing Center Applauds Governor Murphy’s Historic $300 Million Investment In Affordable Homes In His FY23 Proposed Budget\u200b"},"content":{"rendered":"\t\t
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FOR IMMEDIATE RELEASE<\/b><\/p>

March 8th, 2022<\/p>

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Contact:<\/b><\/p>

Alex Staropoli, (914) 469-0060, alexstaropoli@fairsharehousing.org<\/p>

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FAIR SHARE HOUSING CENTER APPLAUDS GOVERNOR MURPHY\u2019S HISTORIC $300 MILLION INVESTMENT IN AFFORDABLE HOMES IN HIS FY23 PROPOSED BUDGET<\/b><\/p>

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Today, in response to Governor Murphy\u2019s Fiscal Year 23 Budget Proposal that allocates $300 million from the American Rescue Plan towards the development of affordable homes, Fair Share Housing Center\u2019s Executive Director, Adam Gordon, issued the follow statement:<\/p>

\u201cFair Share Housing Center applauds Governor Murphy and Lieutenant Governor Oliver for making a historic investment in affordable housing in his Fiscal Year 23 budget proposal. $300 million will go a long way in supporting the backlog of much-needed affordable homes. We commend Governor Murphy\u2019s commitment to creating over 3,000 homes with this funding.<\/p>

New Jersey is facing an affordability crisis that impacts all residents, but especially communities of color. As sale and rental prices climb, access to affordable homes\u2014especially for our most vulnerable residents\u2014is at risk. New Jersey has some of the worst racial disparities in the country, across almost all indicators of health and well-being, including being home to one of the worst Black-white racial wealth gaps in the nation.<\/p>

Access to safe, healthy, and affordable housing is critical to ensuring that all New Jerseyans are able to thrive in our state. We must leverage state and federal dollars to create meaningful and transformational chance to address housing inequities and affordability in our state. Investments like the one proposed today will help New Jersey address systemic racism, segregated housing markets, and historic disinvestment in communities of color.<\/p>

While the Mount Laurel Doctrine requires all towns in New Jersey to provide their \u201cfair share\u201d of affordable housing, there is still a backlog of projects waiting for funding to move forward. The $300 million proposed today will help make these projects possible. Some critically needed investments that we hope this new funding can help make a reality include:<\/p>