News Updates
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Affordable Housing Agreement in Toms River
Toms River has reached a major deal that settles how much affordable housing the township must provide over the next 10 years, avoiding the possibility of large, court-ordered developments. The deal allows 186 new affordable units to be built and extends long-term affordability guarantees on 518 existing homes and apartments. Learn more from Lakewood Alerts. Keep reading »
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Hillsborough’s Housing Plan Faces Legal Challenges
A dozen challenges to the Hillsborough’s affordable housing plan have been filed, including 11 by developers whose proposals to build multifamily housing were not included in the plan. Together, the 11 developers have proposed more than 1,200 residential units – both apartments and townhomes – throughout the 55-square-mile township with a population of more than 43,000. The township is claiming, through an analysis of vacant land, that it has a “realistic development potential” (RDP) of 270 units. All the challenges allege errors in Hillsborough’s analysis of vacant land and the calculation of its RDP. Read more about Hillsborough and these legal challenges. Keep reading »
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State Budget Causes Upset in Affordable Housing Community
The Affordable Housing Trust Fund was created in 1985 as part of the New Jersey Fair Housing Act to create a funding stream for rental and homeownership projects with 25 or fewer units. The funding comes from a tax on real estate sales. Now dozens of small housing projects are on hold after New Jersey lawmakers agreed to divert money from the fund. You can read about the budget in the Asbury Park Press and the New Jersey Monitor. Keep reading »
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Tens of Thousands of NJ Homes Likely to Experience Climate-Driven Flooding
Some 62,000 people and 56,000 homes on and near the New Jersey Shore will see at least one annual flood because of sea-level rise by 2050, even if the world makes sweeping cuts to carbon emissions now, according to a new online tool released Wednesday by Climate Central, a New Jersey-based research and advocacy nonprofit. Read about climate-driven flooding data. Keep reading »
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431 NJ Municipalities Met New Affordable Housing Deadline
According to The Gothamist, New Jersey’s Fair Share Housing Center reported on February 3rd that officials for 431 of the state’s 564 cities and towns filed resolutions committing to develop affordable housing over the next decade. Keep reading »
