Thursday, December 21, 2006

Affordable Housing Across NJ --Maybe

Assembly Speaker Joseph Roberts’ D-Bell Mawr proposed reform bill of New Jersey’s affordable housing rules has number. It is A-3857. The proposed bill will eliminate regional contribution agreements (RCAs) which allowed municipalities to reassign a portion of their affordable housing responsibility – as much as fifty percent – to cities. The proposed bill also creates housing rehabilitation and assistance program for grants to municipalities. The lack of affordable housing across the state means minimum wage workers would need to 119 hours a week to afford a two-bedroom apartment at $1,103 a month. We will watch what happens with proposed bill A3857.
Read Robert Stern's article.



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