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NJ Housing and Community Development Network Statement on FY 2027 State Budget 3/10/2026 Following Governor Mikie Sherrill’s presentation of the State Budget for Fiscal Year 2027, Housing and Community Development Network of New Jersey’s (the Network) Vice President of Policy and Advocacy Matthew Hersh issued the following statement: “We appreciate Governor Sherrill’s campaign promise not to divert the Affordable Housing Trust Fund and hope to see that commitment reflected in the proposed budget, which we look forward to reviewing in detail. We will also examine the Governor’s proposal for our shared budget priorities, including other housing investments, economic development and fair tax policies. “Fully funding the Trust Fund and directing the state’s new mansion tax toward affordable housing production, which is pending in legislation, are essential steps to making New Jersey more affordable for the families who call our state home. Additionally, we are urging the Legislature to increase funding for the Neighborhood Revitalization Tax Credit, which was advanced in the Senate last week. “At a time when far too many New Jersey residents are struggling to find safe, stable, and affordable housing, strong leadership and meaningful investment are essential. The Network and our partners look forward to working with the administration and legislative leaders to fulfill that promise and to HouseNJ.” About the Housing and Community Development Network of NJ For more information: Nina Rainiero
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