News Updates
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Edgewater’s Affordable Housing Plan Gets Court’s Approval After Years of Litigation
After years of litigation, a judge has approved an affordable housing agreement that will bring at least 180 units to a future development in Edgewater. Keep reading »
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Assembly Votes to Convert Foreclosures into Affordable Housing
Legislation more than eight years in the making that creates a new state program for turning foreclosed residences into affordable housing was passed overwhelmingly Thursday by the state Assembly. Keep reading »
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Information on the Suspension of Rent Increase Rules for HMFA Rental Units
Recently Governor Murphy issued Executive Order 103 and as a result the New Jersey Housing and Mortgage Finance Agency obtained the approval of the Governor as well as unanimous consent of the NJHMFA Board to suspend certain rent increase rules during the pendency of EO 103. To learn more about which rental units are subject to this rent increase moratorium (and which ones are not) please read this Asset Management Bulletin from NJHMFA. Keep reading »
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Saddle River Reaches Affordable Housing Settlement
As part of a fair housing settlement with Saddle River, a 5-acre estate once owned by Rosie O’Donnell will be redeveloped into affordable units. An agreement was reached that calls for the development of 139 housing units to help satisfy Saddle River’s obligation to provide housing for low-income people and individuals with disabilities. Keep reading »
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Settlement Reached in Housing Discrimination Case
New Jersey has reached a settlement with a township property owner who rejected a potential tenant planning to pay rent with federal Section 8 housing assistance. Keep reading »