Christie vetoes measure to expedite turning foreclosed properties into affordable housing

TRENTON – Gov. Chris Christie vetoed the bill that would have sped up transformation of foreclosed residential properties into affordable

TRENTON – Gov. Chris Christie vetoed the bill that would have sped up transformation of foreclosed residential properties into affordable housing.

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The measure would have aimed to reduce the amount of vacant properties serving as a drag on the economic recovery, according to the bill sponsors, but  Christie rejected the measure, S1566.

In the veto measure that went with all of Christie’s vetoes, he said that the state can’t afford all of these items.

“Simply wishing to pay the bills is a reckless, childish, guaranteed path towards financial disaster,’’ Christie said.

Christie vetoes measure to expedite turning foreclosed properties into affordable housing