Assembly representatives Britnee Timberlake and Verlina Reynolds-Jackson have co-authored the “Community Wealth Preservation Program Bill” (A793/S1427) to expand access for certain buyers – people who can prove they’ve experienced hardship – to purchase property from sheriff’s sales. Despite wide support from the community, the bill is in jeopardy of a conditional veto by Gov. Murphy.
“I’ve spent my career inside and outside of politics fighting for the reduction of foreclosures and particularly principal rate reductions,” Timberlake said Wednesday night after her “Divine 9″ meeting, where members fervently expressed support for the bill.
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