Extension of Affordable Housing Controls Considered by New Jersey Senate
Co-Authored by Kristen Lyons Bill S422, sponsored by Senator Shirley Turner, was introduced to the New Jersey Senate earlier this month and approved for amendment by a vote on November 16. The Bill establishes new standards related to the expiration of affordability controls in New Jersey, and its most significant effect will be on the […]
NJ HMFA SEEKS COMMENTS ON PROPOSED AMENDMENTS TO LOW INCOME HOUSING TAX CREDITS QUALIFIED ACTION PLAN
Co-authored by Michael A. Bruno and Kyle J. Campanile For years the Low Income Housing Tax Credit Program has been successful in catalyzing private investment into underserved communities to develop affordable housing options for citizens. In short, the program is a 10-year tax incentive aimed at encouraging development of affordable residential rental housing. The tax […]
The New Jersey Supreme Court Issues Its Gap Period Decision
On January 18, 2017, the New Jersey Supreme Court held that municipalities do have an obligation to satisfy the unmet affordable housing obligations arising from 1999 through 2015, the so-called “gap period.” In a decision that will be hailed as a victory for affordable housing advocates and developers, and a loss for municipalities, the Court […]
The Appellate Division Reverses COAH’s Gap Period Requirement
Co-authored by Peter J. Guastella This is big. Affordable housing in New Jersey has taken another major turn in the Court system due to the latest decision in the Appellate Division handed down on July 11, 2016. Most importantly, the Court’s decision holds that the plain language of the Fair Housing Act of 1985 does […]
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