New Jersey
Office of the Governor | Acting Governor Oliver Highlights Housing Affordability Funding in Fiscal Year 2023 Budget
EAST ORANGE – Performing Governor Sheila Y. Oliver as we speak held a press convention to focus on the historic investments in housing affordability within the Fiscal Yr 2023 (FY2023) finances. The general FY2023 finances reaffirms the Murphy Administration’s dedication to creating New Jersey a stronger, fairer, extra reasonably priced state for all.
New Jersey has outpaced different states in making reasonably priced housing a actuality for its residents in the course of the Murphy Administration. Since Governor Murphy took workplace in 2018, the Administration has frequently prioritized housing investments and property tax reduction, making many New Jersey communities extra reasonably priced locations to dwell and lift a household. The FY2023 finances additionally will decrease the efficient property tax fee for eligible New Jersey owners to 2012 ranges by the brand new ANCHOR (Inexpensive New Jersey Communities for Householders and Renters) program.
“This Funds units forth a really historic funding for housing in our state. It’ll imply a lot to the households who’re searching for reasonably priced locations to dwell within the communities the place they work, the place they have been raised, and the place they might need to stick with their very own households,” stated Performing Governor Sheila Oliver, who serves as Commissioner of the Division of Neighborhood Affairs. “I need to thank my former colleagues within the State Legislature who’ve labored arm-in-arm with Governor Murphy and I to make these document investments develop into a actuality.”
This historic finances makes vital investments towards a number of housing and affordability initiatives, together with:
Inexpensive Housing Manufacturing Fund: The FY2023 Funds contains $335 ($335m incudes $30m from the Inexpensive Housing Belief Fund and $305m from the State Fiscal Restoration Fund) for the Inexpensive Housing Manufacturing Fund to handle a backlog of 1000’s of reasonably priced housing models throughout dozens of developments, which can successfully double the state’s multi-family challenge manufacturing within the subsequent three years and convey extra reasonably priced houses to thriving communities throughout the state.
ANCHOR: The Inexpensive New Jersey Communities for Householders and Renters (ANCHOR) Tax Reduction Program is a $2 billion initiative, which will likely be phased in instantly in FY2023, and can assist owners and renters and cut back property taxes to ranges not seen since 2012 for over 1.15 million owners.
- Renters with a family earnings of as much as $150,000 will obtain $450.
- Householders with a family earnings underneath $150,000 will obtain $1,500.
- Householders with a family earnings between $150,000 and $250,000 will obtain $1,000.
Down Fee Help: The FY2023 finances offers a $5 million enhance in funding, for a complete of $25 million, to the State’s Down Fee Help program, which in recent times has been profitable in serving to low- and middle-income households attain homeownership and start to construct wealth by house worth appreciation.
Inexpensive Housing Belief Fund: The FY2023 finances maintains Governor Murphy’s dedication to ending diversions from the Inexpensive Housing Belief Fund, making certain that these funds will proceed for use for his or her supposed goal – investing in housing affordability in New Jersey.
“We’re proud to dwell in a state underneath the management of Governor Phil Murphy and Performing Governor Sheila Oliver who clearly perceive the necessity to present reduction to the entire individuals who dwell in our communities – whether or not they hire or personal. With almost $2 billion in redevelopment at present underway, my administration is dedicated to housing affordability and making certain individuals in our neighborhood have entry to the data and assets that can positively influence their high quality of life,” stated East Orange Mayor Ted R. Inexperienced. “Housing in America ought to by no means be a privilege. This unprecedented ANCHOR (Inexpensive New Jersey Communities for Householders and Renters) Program speaks precisely to the wants of the individuals in our metropolis, delivering direct and speedy help to lots of our residents and making it potential for them to dwell in East Orange for so long as they select.”
“We have now labored in live performance with Governor Phil Murphy to develop the ANCHOR program and that is extraordinarily important in attempting to cope with the difficulty of property taxes,” stated Assemblyman Thomas Giblin. “We would like robust vibrant communities which is a part of the success of our nice state.”
“Excessive property taxes and declining affordability has been a long-time concern for New Jersey residents,” stated Assemblywoman Britnee Timberlake. “Good insurance policies handed the NJ State Legislature such because the Neighborhood Wealth Preservation Program invoice paired with The Anchor program will present significant assist and property tax reduction for a lot of working and middle-class individuals in our state.”
“Inexpensive housing continues to be one of many prime problems with concern for New Jersey households and residents and with this 12 months’s finances we listened to those considerations and addressed them head-on,” stated Meeting Housing Chair Yvonne Lopez . “The ANCHOR program will straight influence the affordability of our State by offering direct property tax and rental reduction to thousands and thousands of residents. For our working households that is welcome information that guarantees to have a profound influence for years to return. I’m proud to assist the most important property tax reduction program in years, delivering actual help and outcomes for New Jersey.”
“Investing in reasonably priced housing is essential, particularly for working households and communities of colour all through the State,” stated Senator Troy Singleton. “The FY2023 finances funds property tax reduction for each renters and owners, down cost help to assist with homeownership, and the development of extra reasonably priced housing. Whereas extra work is required, these historic investments will collectively make housing extra reasonably priced in our state.”
“The reasonably priced housing investments within the Fiscal Yr 2023 Funds are important for our residents to proceed to have the ability to afford residing in New Jersey,” stated Senator Nia Gill. “Our State is already recognized for its excessive price of residing and we have to do all we will to convey prices down for our residents. With these applications in place, we’ve got taken a significant step towards offering reduction for owners and renters.”
“Thanks, Governor Murphy, Performing Governor Oliver, Senate President Scutari, Speaker Coughlin and the members of the Legislature for passing a finances that features transformational, once-in-a-lifetime investments to assist HouseNJ,” stated Staci Berger, president and chief government officer of the Housing and Neighborhood Improvement Community of NJ. “This can be a historic state finances that features alternatives to strengthen our communities and create protected, secure and reasonably priced houses. It preserves full funding of New Jersey’s Inexpensive Housing Belief Fund, in addition to extra funding for the Inexpensive Housing Manufacturing Fund, the favored Neighborhood Revitalization Tax Credit score Program, funding to guard our youngsters from poisonous lead and expands property tax reduction for renters. At this time we’re nearer than ever earlier than to creating our state an reasonably priced place to name house for generations to return.”
“All New Jerseyans deserve a protected, wholesome, and reasonably priced place to name house. The historic investments in housing included on this 12 months’s finances will assist transfer New Jersey nearer to that aim,” stated Adam Gordon, Honest Share Housing Middle’s Govt Director. “We’re particularly grateful to the Administration and the Legislature for dedicating funding particularly to shovel-ready 100% reasonably priced tasks already accepted in Mount Laurel settlement agreements. These tasks will assist dismantle many years of exclusionary zoning and supply entry to reasonably priced houses in communities all through New Jersey.”
Performing Governor Oliver has been a champion of reasonably priced housing in her tenure as Commissioner of the Division of Neighborhood Affairs (DCA).
On Monday, July 11, DCA started accepting on-line pre-applications for the State Rental Help Program (SRAP) Ready Listing. Pre-applications will likely be accepted till Friday, July 25, at 5:00 pm to enter a lottery for the statewide SRAP program within the Aged, Household, Disabled, and Homeless classes. For extra info on SRAP, click on right here.
New Jersey
NJ-11 County and Local Elected Officials Back Mikie Sherrill for Governor – Insider NJ
Today, more than 100 elected officials at the county and local levels from across New Jersey’s 11th Congressional District announced their endorsement of Mikie Sherrill for Governor of New Jersey. These leaders, from across Essex, Morris, and Passaic Counties, collectively released the following statement in support of Mikie Sherrill:
“For Mikie Sherrill, there’s no challenge too big and no problem too small. That’s why we’re thrilled to support her run for Governor of New Jersey.
“We represent communities across New Jersey’s 11th District, and we’ve had the privilege of working alongside Mikie Sherrill since as early as 2017. We’ve seen firsthand how she’ll never back down from a challenge, and how she’s willing to work with anyone, Democrat or Republican, to get things done for New Jerseyans. In times of crisis, she’s a leader – she makes tough decisions and she delivers.
“After Trump was elected in 2016, New Jersey needed real leadership, and Mikie Sherrill stepped up. In the three election cycles since, Mikie Sherrill has paved the way for strong Democratic leadership focused on results in every corner of the district. She’s helped elect Democratic mayors and council members – even in areas once taken for granted by the Republican Party. She listens to neighbors and community members, takes their concerns to heart, and will never back down when it comes to serving our state.
“Take, for example, the Gateway Tunnel. Mikie ran her first campaign on a vow to build the Gateway Tunnel, and, after years of broken promises, we were skeptical. Yet, she did just that – leading the fight to fund the Gateway Tunnel and secure a federal cost-sharing agreement that will allow us to get the project done without raising state or local taxes on families. And Mikie didn’t stop there – she continues to be a fearless advocate when it comes to holding New Jersey Transit and Amtrak accountable for the ‘summers of hell’ we’ve experienced year after year. She knows what it’s like for parents not to know if they will be able to make it back in time to pick up their children from daycare, or to be able to coach their kids’ soccer team.
“That’s just one of the big issues Mikie has tackled during her time in Congress, but we also know that she cares deeply about making life easier for our residents and cutting through the bureaucratic red tape that frustrates all of us. Mikie and her team are always a phone call or a text away. When our residents come to us needing help, we often tell them to reach out to Mikie and her staff. From ensuring local veterans get all of their health care benefits, to helping our seniors navigate Medicare or Social Security, to making sure the IRS gives you back every dollar you’re owed, Mikie will stop at nothing to ensure that every New Jerseyan who needs help gets it.
“Time and again, we’ve seen Mikie – a lifelong public servant – step up to make life easier for New Jersey families. As Governor, we know she’ll do exactly that, and we’re excited to support her every step of the way.”
Sincerely,
Essex County Executive Joseph N. DiVincenzo, Jr.
Essex County Clerk Christopher J. Durkin
Essex County Sheriff-elect Amir Jones
Essex County Register Juan Rivera, Jr.
Essex County Commissioner President Carlos M. Pomares
Essex County Commissioner Vice President Tyshammie L. Cooper
Essex County Commissioner At-Large Patricia Sebold
Essex County Commissioner At-Large Romaine Graham
Essex County Commissioner At-Large Brendan W. Gill
Essex County Commissioner At-Large Wayne L. Richardson
Essex County Commissioner District 1 Robert Mercado
Essex County Commissioner District 4 Leonard M. Luciano
Passaic County Clerk Danielle Ireland-Imhof
Passaic County Sheriff-elect Thomas Adamo
Passaic County Commissioner Orlando Cruz
Passaic County Commissioner Bruce James
Passaic County Commissioner Pasquale “Pat” Lepore
Passaic County Commissioner-elect Rodney De Vore
Bloomfield Mayor Jenny Mundell
Bloomfield Councilwoman At-Large Monica Tabares
Bloomfield Councilwoman Third Ward Sarah Cruz
Glen Ridge Mayor Deborah Mans
Glen Ridge Councilor Ann Marie Morrow
Glen Ridge Councilor Rich Law
Glen Ridge Councilor Peter A. Hughes
Glen Ridge Councilor LoriJeane Moody
Glen Ridge Councilor David Lefkovitz
Glen Ridge Councilor Rebecca Meyer
Livingston Council Member Shawn Klein
Livingston Council Member Michael Vieira
Livingston Council Member Ketan Bhuptani
Maplewood Mayor Nancy Adams
Maplewood Deputy Mayor Jamaine Cripe
Maplewood Committeeperson Dean Dafis
Maplewood Committeeperson Victor De Luca
Maplewood Committeewoman-elect Malia Herman
Millburn Mayor Annette Romano
Millburn Committeeman Michael Cohen
Montclair Deputy Mayor Susan Shin Andersen
Montclair Third Ward Councilor Rahum Williams
Nutley Commissioner Thomas J. Evans
Roseland Mayor James R. Spango
Roseland Council President Christopher Bardi
Roseland Councilman John Biront
Roseland Councilwoman Eileen Fishman
Roseland Councilman Neal Goldstein
Roseland Councilman Marcelino “Moose” Trillo
Boonton Ward 2 Council Member Jacob Hettrich
Boonton Ward 2 Council Member Marie Devenezia
Chatham Borough Mayor Carolyn Dempsey
Chatham Borough Council President Jocelyn Mathiasen
Chatham Borough Council Member Justin Strickland
Chatham Borough Council Member Karen Koronkiewicz
Chatham Borough Council Member Brian Hargrove
Chatham Borough Council Member Irene Treloar
Chatham Borough Council Member Katherine Hay
Chatham Township Mayor Stacey Ewald
Chatham Township Deputy Mayor Michael Choi
Chatham Township Committeeperson Jen Rowland
Chatham Township Committeeperson Marty McHugh
Dover Mayor Mayor James P. Dodd
Dover First Ward Council Member Claudia P. Toro
Dover First Ward Council Member Sandra Wittner
Dover Second Ward Council Member Geovani Estacio
Dover Third Ward Council Member Michael Scarneo
Dover Third Ward Council Member Karol Ruiz
Dover Fourth Ward Council Member Arturo Santana
Dover Fourth Ward Council Member Marcos Tapia
Lincoln Park Ward III Councilman Patrick Antonetti
Madison Mayor Robert H. Conley
Madison Council President Eric Range
Madison Council Member Rachel Ehrlich
Madison Council Member Robert E. Landrigan
Madison Council Member Tom Haralampoudis
Madison Council Member Melissa Honohan
Madison Council Member John Forte
Mendham Township Deputy Mayor Lauren Spirig
Morris Plains Mayor Jason Karr
Morris Plains Council President Nancy Verga
Morris Plains Councilmember Joan Goddard
Morris Township Mayor Donna J. Guariglia
Morris Township Deputy Mayor Jeffery R. Grayzel
Morris Township Committeeman Mark J. Gyorfy
Morris Township Committeeman William “Bud” Ravitz
Morris Township Committeeman Siva S. Jonnada
Mountain Lakes Mayor Khizar Sheikh
Mountain Lakes Deputy Mayor Lauren Barnett
Mountain Lakes Councilmember Chris Cannon
Mountain Lakes Councilmember Cynthia Korman
Mountain Lakes Councilmember Tom Menard
Mountain Lakes Councilmember Melissa Muilenburg
Parsippany Councilwoman Judy Hernandez
Rockaway Township Ward 4 Councilman Jonathan Sackett
Rockaway Township Ward 5 Councilman Emanuel “Manny” Friedlander
Little Falls Mayor James Damiano
Little Falls Council President Anthony Sgobba
Little Falls Councilman Christopher Vancheri
Little Falls Councilwoman Christine Hablitz
Wayne Ward 5 Councilwoman Francine Ritter
Woodland Park Mayor Tracy Kallert
Woodland Park Council President Vincent DeCesare
Woodland Park Councilwoman Tina Gatti
Woodland Park Councilwoman Christine Tiseo
Woodland Park Councilman Michael Sica
Woodland Park Councilman Adam Chaabane
Woodland Park Councilman Luis Torres
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New Jersey
These are the eight most ‘old-world’ towns in New Jersey, per ranking
When people think of New Jersey, “old-world” is not often the first phrase that comes to mind.
The term generally refers to a simpler, quaint lifestyle of previous centuries. For the most densely populated state in the country that is frequently associated — fairly or unfairly — with heavy traffic on busy highways, simple and quaint are usually foreign concepts.
But not all areas of New Jersey have the same makeup, as WorldAtlas.com noted in its recent list of “old-world” towns. The travel website compiled a group of eight municipalities in the Garden State described as “the living, breathing centers of America’s vibrant history,” from Revolutionary War battlegrounds to Victorian resorts along the Jersey Shore.
“Perfect for history enthusiasts and families alike,” the site stated, “these towns provide a tranquil yet enlightening retreat from the usual hustle of the Northeast’s major cities.”
Here is the WorldAtlas.com list of eight old-world towns in New Jersey, the perfect day trip destinations for local residents seeking a glimpse into times gone by.
Old-world towns in NJ (per WorldAtlas)
- Cape May: The seaside resort at the bottom tip of New Jersey boasts a layout that encourages walking, whether along the beach or the streets lined with shops and restaurants. Attractions include the Cape May Lighthouse, the World War II Lookout Tower and the Harriet Tubman Museum.
- Lambertville: The Hunterdon County spot known as “The Antiques Capital of New Jersey” features several relics of bygone eras, including a hand-dug canal, train depot, and historic homes and townhouses.
- Clinton: Another Hunterdon County locale, this town is best known for its Red Mill which now operates as a museum. Clinton’s colorful storefronts and a waterfall along the Raritan River offer beautiful views for visitors.
- Haddonfield: The Camden County borough is home to Kings Highway, named by USA TODAY as one of the top 10 main streets in the country earlier this year. It also hosts a variety of cultural and community events, including the Haddonfield Crafts and Fine Art Festival each July.
- Ocean Grove: Visitors to this Monmouth County resort town can check out the beach and boardwalk areas as well as Tent City, a collection of tent homes that date back to the town’s founding in 1869.
- Allentown: The Monmouth County borough is home to Conines Millpond, a setting featuring an 1855 mill that represents its agrarian roots. There are more than 200 homes in Allentown that are on the state and national historic registries.
- Smithville: A timely addition to the list, the Atlantic County community located within Galloway Township transforms into a winter wonderland with music, lights and seasonal treats each holiday season.
- Medford: Located in Burlington County, this township’s historic architecture and preservation of its past contributed to a population growth in the most recent census in 2020.
New Jersey
Fair Lawn man, NY associate facing civil action by NJ AG for defrauding investor
3-minute read
A Bergen County man and his New York business associate are facing a civil enforcement action filed by the New Jersey Bureau of Securities with the Division of Consumer Affairs for defrauding at least one New Jersey investor in an investment scheme tied to a job recruiting software service that they were allegedly trying to grow, according to the New Jersey Office of the Attorney General.
Michael Lakshin. of Fair Lawn, and Edward Aizman. of Brooklyn, as well as their company Bowmo, Inc. used “fraud and deception,” allegedly convincing one of Lakshin’s childhood friends to liquidate her retirement fund and invest in their start-up business venture, according to a civil complaint filed in Bergen County on Friday. They then allegedly diverted most of the funds for their own personal use including cash advances, hotel stays and purchases at car dealerships and designer stores among other expenditures.
“The defendants in this case shamelessly bankrolled their lavish lifestyles with someone else’s hard-earned retirement savings,” said Attorney General Matthew J. Platkin. “The lawsuit announced today sends a clear message that this kind of blatant exploitation of investors will not go unpunished in New Jersey.”
The complaint alleges, according to the Office of the Attorney General, that from April through August 2020, Lakshin, Aizman and Bowmo (through Lakshin and Aizman), offered and sold at least $84,681.19 of Bowmo’s securities in the form of a convertible note to at least one NJ investor.
They told the investor that the Bowmo note was an investment opportunity which would provide her a “significantly higher return” than her retirement savings. They allegedly told her that Bowmo was successful, bringing in a lot of money through its success and that she could profit by investing her funds into the company.
Lakshin also allegedly leveraged their childhood connection to convince her to invest. After learning about the investor’s retirement account, Lakshin allegedly pressured her to liquidate the account for the purpose of buying the Bowmo note.
Lakshin assured the investor that she would “realistically” be able to earn “A MUCH GREATER return,” through a series of text messages, falsely informed the investor that she should not have any taxes or penalties withheld when withdrawing funds from her account, and assured her that Bowmo would reimburse her for any taxes or penalties that would have to be paid as a result of the liquidation.
On June 25, 2020, the investor liquidated her retirement account. This liquidation included two charges and exposed her to paying taxes on the funds as she was not “rolling them over to another qualified retirement plan,” according to the Office of the Attorney General .
On July 2, 2020, the investor met with Lakshin and Aizman and signed a Bowmo subscription agreement. She wired $84,681.19 from her bank account to a Bowmo bank account controlled by Lakshin and Aizman later that month.
A Bowmo investor package provided to the investor prior to investing said that funds would be used to further develop Bowmo’s software, expand its marketing business, and make strategic hires among other business-related ventures.
Instead, the defendants allegedly transferred the funds to bank accounts held by a seperate and unrelated entity and misused the funds by diverting them for personal and non-business-related purposes.
The lawsuit seeks a court order to permanently ban Bowmo, its president and chairman Lakshin, and its founder and CEO Aizman, from issuing, offering, or selling securities in New Jersey, according to the Office of the Attorney General. It also asks the court to assess civil monetary penalties, restitution plus interest and expenses for the victim, and disgorgement of all funds and profits gained from the scheme.
According to Bureau Chief Elizabeth M. Harris, this case “serves as a sobering example of why it’s vitally important to investigate investment products, even those offered by someone you know and trust.”
She continued, “It’s also an opportunity to remind our residents that while fraudulent investment schemes come in a variety of forms, the pressure to act fast to avoid missing out on a hot investment is a universal red flag of fraud that should not be ignored. In addition to doing their due diligence before investing, we urge New Jerseyans to follow their instincts when a transaction doesn’t pass the smell test.”
Investors can obtain information about any financial professional doing business to or from New Jersey by visiting the Bureau’s website at www.NJSecurities.gov, or calling the Bureau within New Jersey at 1-866-446-8378 or from outside New Jersey at 973-504-3600.
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