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New Jersey Statutes, Title: 55, TENEMENT HOUSES AND PUBLIC HOUSING
Chapter 14k:
Section: 55:14k-55: Findings, etc. relative to housing for low and moderate income families
2. The Legislature finds, determines and declares:
a. Housing problems in this State have been, and continue to be, acute, especially in that adequate accommodations, at affordable cost, are increasingly unavailable to lower-income families, and prospective home buyers in all but the higher income categories are thwarted by the formidable costs of home acquisition.
b. Accordingly, it is the purpose of this act to establish a program to aid nonprofit organizations in endeavors to develop home-ownership opportunities for lower-income purchasers who are prepared to invest their personal efforts in the construction or rehabilitation of their own housing units.
L.1995,c.343,s.2.
This section added to the Rutgers Database: 2012-09-26 13:37:57.
Older versions of 55:14k-55 (if available):
Court decisions that cite this statute:
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