The Redeveloper

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NJ Senate Passes Open-Space Preservation Amendment

On June 20, 2013, the New Jersey State Senate passed a proposed constitutional amendment that would, if approved by voters, create a new fund for the preservation of historic sites and open space.  The bill (SCR-138) received support from both parties, receiving only two “no” votes.  It has not yet been brought to the Assembly. […]

NJDEP Adopts Emergency Rules to Facilitate Reconstruction of Commercial Development and Marinas Impacted by Hurricane Sandy

On April 16, 2013, the New Jersey Department of Environmental Protection (“NJDEP”) adopted emergency amendments to the Coastal Permit Program Rules, N.J.A.C. § 7:7 and Coastal Zone Management Rules, N.J.A.C. § 7:7E that are aimed at facilitating prompt and resilient reconstruction along the Jersey Shore in the wake of Superstorm Sandy.  Among the beneficiaries of […]

FEMA Releases New Base Flood Elevation Maps

On June 17, 2013, the Federal Emergency Management Agency (“FEMA”) released new base flood elevation maps (“BFEs”) – providing much-needed guidance to homeowners still debating how to address flood-related damage suffered during Superstorm Sandy.  The new BFEs substantially revise the advisory base flood elevation maps (“ABFEs”) released by FEMA in December 2012.  Most importantly, the […]

NJ Economic Opportunity Act Will Consolidate Economic Development Incentives

The NJ State Assembly recently passed the New Jersey Economic Opportunity Act of 2013. This Act merges five economic development incentives into two distinct programs administered by the NJ Economic Development Authority (EDA). By enhancing “the ability of the state to attract and retain businesses,” this new bill facilitates the creation of thousands of new […]

Procedures for Contractors Seeking to Participate in NJ Homeowner RREM Program

The State of New Jersey Department of Community Affairs (DCA) has announced procedures for contractors interested in participating in the New Jersey Homeowner Reconstruction, Rehabilitation, Elevation, and Mitigation (RREM) Program. A “Request for Interest” (RFI) was released on June 6, 2013, outlining the steps contractors will have to take in order to be admitted to […]