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New Jersey's 100,000 Unit Housing Plan

Posted by: Christian Madera

10 August 2006 - 2:00pm

To combat housing prices that are increasingly out of reach for low- and middle-income buyers, the state has announced plans to develop 100,000 units of affordable housing over 10 years.

"In the state's first attempt at outlining a comprehensive housing strategy, the 44-page report evaluates the shortcomings of current housing programs and sets the stage for Gov. Jon S. Corzine to announce the details of a comprehensive housing program — with specific recommendations and price tags — by the end of the year.

In scope and in approach, the plan is analogous to one undertaken by Mayor Michael R. Bloomberg of New York in December 2002 to build or preserve 65,000 units over five years."

Full Story: 100,000 Units of Housing Are Planned in New Jersey
Source: The New York Times, August 10, 2006
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