The new executive order requires agencies to report any land, assets or other opportunities to “boost supply and bring prices down.”
On Monday, New Jersey Governor Mikie Sherrill signed an executive order demanding that state departments and agencies submit ideas within 60 days on how the state can create more housing. PIX 11 reports that “possible paths include utilizing underused or unused state properties or properties around transit hubs.”
The order requires departments and agencies to report an inventory of underutilized property and assets that may be suitable for housing development. It also requires reporting of: “Duplicative, outdated, obsolete, or conflicting rules, regulations, and requirements that slow or hinder housing development, or otherwise limit or prevent the delivery of housing assistance programs; Proposals for new or updated programs, legislation, or regulations that would streamline housing production, reduce or stabilize costs, increase access to housing as a tool for wealth creation, and otherwise boost housing affordability;... Expertise, resource, or technology gaps within the Executive Branch department or agency that, if addressed, would accelerate housing production,” and more.
“New Jersey’s not alone – this is a national problem,” PIX11 reported Assembly Majority Leader Louis Greenwald, a Democrat, saying. “This is going to allow us to take advantage of state properties that’s close to public transportation so that we can provide the housing that our young people are looking for.”
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Read the full story: What new NJ executive order looks to do address affordable housing
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