Protect the Affordable Housing Trust Fund

The proposed FY2022 budget has some very important housing investments that help address New Jersey’s racial and economic disparities, including increased funding for emergency Code Blue resources, rental assistance for new moms and support for LGBTQ folks experiencing housing insecurity. We enthusiastically endorse these proposals in the budget. However, we oppose diverting $57 million from the Affordable Housing Trust Fund and moving funds intended to create affordable homes for lower-income New Jerseyans to other programs that benefit higher-income residents.

After a decade of disinvestment, the Trust Fund is poised to reach our Build a Thriving NJ campaign goal of $125 million. Our members are finally able to access these funds to produce quality, affordable home ownership and rental housing choices. We can't allow the fund to be raided! The budget should keep all the AHTF funds in the AHTF, and reserve them to be used for innovative opportunities to create a variety of homes for people and 79 percent of NJ residents agree. 


Legislative Day June 2 - RSVP TODAY!
On June 2, 2021, join the Network and your peers in the field to meet with your state legislators as we fight to protect the Affordable Housing Trust Fund! We’ll also urge support for housing and community development issues like healthy homes, tenants' rights, the People's Bill and the FY22 budget. And yes, we will be breaking out the "Build a Thriving NJ" shirts! Click here to register

Join a Community Advocacy Team
Be part of your area Advocacy Team to communicate with your legislators! Click here to learn more about our A-Teams and find out how you can join.

Rally to Protect the Affordable Housing Trust Fund
Last month, New Jersey legislators joined housing advocates and community developers for a rally to preserve the NJ Affordable Housing Trust Fund (AHTF). Legislative leaders, advocates and homeowners who are thriving in homes built with public investments discussed the impact of the AHTF and the need to address NJ’s pandemic-related housing crisis. Click here to read more and click the image below to watch the rally in its entirety.

At Issue:

  • The demand in NJ’s communities is to generate more affordable homes for lower income residents; NJ should direct public investment to meet this critical need.

  • The demand in NJ’s communities is to generate more affordable homes for lower income residents; this far outweighs the need to use funds for middle-income families.

We share Gov. Murphy’s goal of increasing homeownership and housing stability for all New Jerseyans, and especially to address the racial wealth gap. These important goals can be achieved without diverting resources from the Affordable Housing Trust Fund. Community Reinvestment Act mortgage products for first-time homeowners often include down payment assistance and other options that make homeownership more affordable for lower income residents and in lower income neighborhoods, click here for more information.

This proposal to raid the AHTF means gutting the Fair Housing Act’s intent to serve lower income residents and risking increased gentrification without actually building a single new affordable home in the Garden State. There are much better choices for these funds to be used to achieve similar goals.

Read the Network's Budget Testimony Submitted to the Legislature Here

State Budget News & Materials