A new law streamlines and clarifies the state’s affordable housing requirements for cities and towns.
The state of New Jersey enacted new legislation that reforms fair housing laws, according to a press release from the National Low Income Housing Coalition.
The new law, A-4/S-50, streamlines the process for determining each town’s affordable housing obligations, a requirement under the state’s Mount Laurel Doctrine. “Advocates believe this will provide more certainty for housing developers and reduce litigation-related delays to the construction of new affordable housing.”
The new law clarifies and codifies the methodology for how affordable housing obligations for each town are determined and “prohibits wealthy towns from paying their way out of their affordable housing obligations.”
New Jersey Governor Phil Murphy also signed several other housing bills last month, such as ACS for A-2267/SCS for S-1415, which calls for a new pilot program to support insurance premiums for affordable housing projects.
FULL STORY: New Jersey Governor Signs Landmark Affordable Housing Legislation
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