News Updates
-
Report Says NJ Doubled Affordable Housing Starts Since 2015
New Jersey towns doubled the rate at which they built affordable housing after a judge declared the statewide agency meant to oversee such construction defunct in 2015, shifting the process to court settlements, according to a report released by Fair Share Housing Center. Keep reading »
-
The Rise in Institutional Ownership of Residential Properties in NJ
A new report from the NJ Department of Community Affairs explores the statewide trend in institutional home ownership and identifies communities where one‐ to four‐family housing stock is rapidly shifting to corporate ownership. It also examines the impact of the rise in institutional homeownership on changes in residential sales prices and sales volumes. Read the report on institutional residential property ownership. Keep reading »
-
Affordable Housing Ballot Measures Get Approval Across the Country
Affordable housing measures were on midterm election ballots in dozens of localities across the country. It’s a sign of the pain people have been feeling as a historic housing shortage has pushed rents and home prices to record highs. A number of cities just approved hundreds of millions of dollars in new spending to do something about it. Learn more about what places are doing to increase affordable housing stock. Keep reading »
-
NJ Renters Struggle to Find Safe, Affordable Housing
Immigrants and renters of color in Passaic, Elizabeth and Perth Amboy continue to struggle to afford rapidly rising rents and live in unsafe environments, but largely did not apply for rental assistance, according to a survey released Tuesday of nearly 400 tenants conducted by the immigrant advocacy group, Make the Road New Jersey. Read more about the struggle for safe housing. Keep reading »
-
Towns Sue to Bring Back COAH
Mahwah, Montvale and 11 other municipalities spanning New Jersey have sued Gov. Phil Murphy, alleging he violated the Fair Housing Act and demanding the administration bring back the defunct Council on Affordable Housing, which they said would protect towns from “runaway development” and speed creation of affordable units. But affordable housing advocates said it was odd for the towns to want to revive an entity that they often stonewalled, prompting lawsuits to get them to meet their housing obligations. Read about the lawsuit. Keep reading »
