NJ Legislature Sends Sandy Foreclosure Bill to Governor

Housing advocates urge Christie to sign moratorium on foreclosures for Sandy impacted homeowners

WASHINGTON, D.C. – (RealEstateRama) — The New Jersey Senate unanimously voted in favor of legislation that would provide a temporary protection against foreclosure for homeowners who suffered damage during Superstorm Sandy. Previously passed by the Assembly, the bill now heads to Governor Christie to be signed in to law. On the bill, Housing and Community Development Network of New Jersey President and Chief Executive Officer Staci Berger issued the following statement:

“There are still thousands of families still rebuilding four years after Sandy. Many of those families are struggling pay the mortgage on an uninhabitable home, while paying rent on a temporary one. This bill is a short term solution that can help people and communities recover. It is the least we can do for New Jerseyans still rebuilding.

“Sandy survivors have waited a long time for this, many have already lost their homes to foreclosure. This bill is an opportunity to provide some immediate relief and avoid making New Jersey’s foreclosure crisis even worse. We encourage Governor Christie to sign this bill without further delay.”

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.

For more information: Nina Arce
(609) 393-3752 x1200
(609) 789-7900
Website: hcdnnj.org
Twitter site: twitter.com/hcdnnj
Facebook site: facebook.com/hcdnnj

SHARE
Previous articleNJCDC Kicks Off New Program Making Home Repairs for Paterson’s Elderly and Disabled
Next articleWEBBER-O’SCANLON-BUCCO BILL INCREASING TRANSPARENCY OF ASSET SEIZURES BY POLICE DEPARTMENTS PASSES ASSEMBLY