University of Wisconsin–Madison

ProGov21 Policy Library

Policy Area
Policy Area Scrollable Checkbox List
Material Type
Material Type Scrollable Checkbox List
Level Scrollable Checkbox List
State Scrollable Checkbox List
Source Scrollable Checkbox List
Type Act or Session Law
Year 2022
Level State
State(s) New Jersey
Source New Jersey State Senate
Policy Areas Economic Justice, Finance & Procurement, Housing
Hedge funds and other financial institutions have been profiting by buying foreclosed homes to resell or rent out. This business model has made housing less affordable and extracted wealth from local communities. This bill passed by the state of New Jersey creates the "Community Wealth...

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