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Heat or Eat? The Low-Income Home Energy Distribution Program (LIHEAP) and Its Implications for New Jersey

2022-11-30T14:45:30-05:00

By Josephine O'Grady. The Low-Income Home Energy Assistance program (LIHEAP) is a federal block grant program that assists low-income families with the cost of paying their utility bills in areas including extreme heat and cold, household revisions to improve energy efficiency [...]

Heat or Eat? The Low-Income Home Energy Distribution Program (LIHEAP) and Its Implications for New Jersey2022-11-30T14:45:30-05:00

Report Release: Equitable Property Acquisitions to Enhance Climate Resilience

2022-11-30T14:49:49-05:00

With support from the New Jersey State Policy Lab, the New Jersey Climate Change Resource Center Climate Corps conducted research to better understand how flood buyback and managed retreat programs are organized and administered nationwide.  Today, we are releasing the report, Leading Practices for Proactive & Equitable Property Acquisitions to Enhance Climate Resilience: A Report [...]

Report Release: Equitable Property Acquisitions to Enhance Climate Resilience2022-11-30T14:49:49-05:00

Does the Decision to Allow Local Cannabis-Related Businesses Impact Home Sale Prices?

2022-10-21T19:46:13-04:00

by Michael S. Hayes, Associate Professor, Rutgers University-Camden and Prakash Kandel, Ph.D. Student, Rutgers University-Camden During the 2020 general election, New Jersey voters approved a ballot question to amend the state constitution to allow residents 21 years or older to possess and consume cannabis products. By the summer of 2021, the New Jersey Cannabis Regulatory [...]

Does the Decision to Allow Local Cannabis-Related Businesses Impact Home Sale Prices?2022-10-21T19:46:13-04:00

Housing Affordability in New Jersey, 2010-2020

2022-10-21T16:45:32-04:00

by Maia de la Calle. Rutgers Economic Advisory Service (R/ECON™) Housing affordability and ownership accessibility The main expense incurred by New Jersey’s residents is shelter or housing.  As of 2019, New Jersey ranked third in the country for median monthly housing costs, after California and Hawaii.[1] In that same year, the median gross rent for [...]

Housing Affordability in New Jersey, 2010-20202022-10-21T16:45:32-04:00

The Revival of Urban Enterprise Zones in New Jersey

2022-10-21T16:32:57-04:00

By Adam Scavette Last summer, then acting New Jersey Governor Sheila Oliver signed legislation to devote $42.5 million toward restoring the state’s Urban Enterprise Zones (UEZ) to full operation for fiscal year 2022. In this piece, I discuss the history and performance of UEZs and opportunities to increase their effectiveness. The UEZ program is designed [...]

The Revival of Urban Enterprise Zones in New Jersey2022-10-21T16:32:57-04:00

New Jersey’s Single-Family Housing Markets by County 2021

2022-10-21T16:27:56-04:00

Naheed Azhar and Michael L. Lahr, Rutgers Economic Advisory Service (R/Econ™) As the count of listings and asking prices flattened,[i] realtors and creditors predicted a rise in foreclosures and mortgage delinquencies as people were laid off and furloughed and as many small businesses failed.[ii] But things did not roll out as feared for housing markets. [...]

New Jersey’s Single-Family Housing Markets by County 20212022-10-21T16:27:56-04:00

The New Jersey Housing Crisis in a COVID Era

2022-10-21T19:57:50-04:00

Katharine Nelson Affordable housing is increasingly scarce within the United States, and COVID-19 has dramatically exacerbated the simmering crisis in affordable housing. In New Jersey, the risk of eviction is greater than across the country, as 393,000 households are delinquent on their rent, (22.3% of households in renter-occupied housing units in New Jersey as compared [...]

The New Jersey Housing Crisis in a COVID Era2022-10-21T19:57:50-04:00

Our First Report: Encouraging Activation of Vacant Commercial Properties

2022-10-21T19:58:36-04:00

The New Jersey State Policy Lab is publishing our first report, Vacant Commercial Property in New Jersey: Causes and Solutions, written by Michael Hayes and Pengju Zhang. The economic recession caused by the COVID-19 pandemic has resulted in an increase in vacant and under-occupied commercial property across New Jersey. This increase is expected to put [...]

Our First Report: Encouraging Activation of Vacant Commercial Properties2022-10-21T19:58:36-04:00

Has New Jersey’s Housing Market Peaked? A New Year’s Assessment

2022-10-21T16:18:28-04:00

By Michael L. Lahr, Director of Rutgers Economic Research Service (R/ECON™) What is the status of New Jersey housing markets? The bottom line has been more or less the same since June 2020: double-digit price growth prompted by low inventory and depressed interest rates. Have they peaked? That is a tougher call. For sure, the [...]

Has New Jersey’s Housing Market Peaked? A New Year’s Assessment2022-10-21T16:18:28-04:00

A Primer on Housing Markets with a Bird’s Eye View on New Jersey’s

2022-10-21T16:17:01-04:00

By Michael L. Lahr, R/ECON™ Housing markets are not just geographically separated, they are socially stratified too (in combination the two generate what is termed, “housing market segmentation”). Properties in a region can differ radically in price (e.g., range between $20,000 and $1,000,000 per acre). Moreover, the buyer base and housing availability for that particular [...]

A Primer on Housing Markets with a Bird’s Eye View on New Jersey’s2022-10-21T16:17:01-04:00
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