Summary
State Sen. Christopher Bateman (R-Somerset), who is sponsoring his own bill, S-2292, to reform the state's affordable housing program, said New Iersey municipalities would find it impossible to shoulder the costs of building such units. "This is a crushing burden on towns already reeling from the economic downturn," he said. "They simply can't afford this unfunded mandate."
Many of the state's municipalities will need to rely on funding mechanisms, such as developers' fees, to subsidize the costs of building the affordable housing units required under the COAH rules, according to the memo.See the full content of this document
Extract
Bill Would Reform Affordable Housing
TRENTON - Complying with the state Council on Affordable Housing's r...
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