New Jersey

Both houses of the New Jersey Legislature have approved legislation that would overhaul the state’s affordable housing system. Gov. Chris Christie has indicated that he would only sign the original version of the bill (S1), passed in June.

New Jersey’s State Assembly narrowly approved legislation that would modify the state’s affordable housing regulations by abolishing the state Council on Affordable Housing (COAH), and eliminating a 2.5 percent fee on commercial development to help pay for affordable housing.

An amended New Jersey State Senate bill (S.1), which modifies the laws related to affordable housing development in the state, was passed by committee on November 8 and will now be considered by the full state Assembly.

The New Jersey Appeals Court recently found that Council on Affordable Housing cannot base local housing obligations on future job and home growth because the growth-share approach motivates towns to discourage growth in order to avoid affordable housing.

The New Jersey Housing and Mortgage Finance Agency is proposing to readopt its rules without amendments.

The New Jersey State Senate recently passed a bill that would dismantle the state’s Council on Affordable Housing (COAH) and eliminate affordable housing development quotas imposed on the state’s towns and municipalities.

The New Jersey Assembly’s Environment & Solid Waste Committee voted out of committee A1851, the Historic Property Revitalization Act (HPRA), which would create a state historic tax credit program.

New Jersey Governor Chris Christie this week proposed a new plan that would reduce the state’s control over how New Jersey’s towns and municipalities meet their obligation to provide affordable housing.

U.S. Department of Housing and Urban Development Secretary Shaun Donovan has named Adolfo Carrión to serve as the Regional Director for New York and New Jersey. Carrión, is currently Deputy Assistant to the President and Director of the White House Office of Urban Affairs.

The New Jersey Housing and Mortgage Finance Agency has released a draft of its proposed 2010 qualified allocation plan, which establishes selection criteria, application requirements, application fees, program restrictions and standards used for governing the state’s low-income housing tax credit (LIHTC) program.

The New Jersey Housing and Mortgage Finance Agency has released its 2010 timeline for the state’s low-income housing tax credit (LIHTC) program.

New Jersey’s state lawmakers recently introduced legislation that would make New Jersey the 31st state to offer a historic rehabilitation tax credit, aimed at helping revitalize historic buildings as well as spur job creation and economic growth.