NJ Housing Group Lets State Take $140-Million
New Jersey’s Council on Affordable Housing says Gov. Chris Christie’s administration can seize $140 million that towns had set aside for housing projects for lower-income people.
The council made the decision Wednesday when It met for the first time in two years. The group had not met as courts sort out whether Christie has the authority to disband it all together.
The administration wants to use the money from towns to help balance the state’s budget and says a state law allows it to seize unused funds.
But some towns say the money has gone unused because the council has not been available to approve plans.
Advocates say the money is needed to rebuild after Superstorm Sandy.
Wednesday’s decision to seize the money was reported by The Record.
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