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New Jersey Affordable Housing

Fox Rothschild LLP

New Jersey Establishes Affordable Housing Calculation Methodology, Allocates Need

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The New Jersey Department of Community Affairs recently established the calculation methodology and allocation of prospective affordable housing need for all 564 municipalities in the state. The “Affordable Housing...more

Greenbaum, Rowe, Smith & Davis LLP

New Jersey Releases Fourth Round Affordable Housing Calculations; Identifies Present and Future Need for 150,000 New Units...

As required by legislation adopted earlier this year, which formally abolished the Council on Affordable Housing (COAH), the New Jersey Department of Community Affairs (DCA) has released its highly anticipated calculations of...more

Mandelbaum Barrett PC

New Jersey Introduces Accelerated Depreciation for Affordable Housing

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In a bid to incentivize the development of affordable housing, New Jersey has implemented a significant policy change. Effective from the tax year beginning on January 1, 2025, the state now offers accelerated depreciation...more

Fox Rothschild LLP

New Jersey Passes Affordable Housing Law

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New Jersey is ushering in a new era of state affordable housing guidelines. The New Jersey Assembly and Senate recently passed affordable housing legislation and Gov. Phil Murphy has signed it into law. For New Jersey...more

Greenbaum, Rowe, Smith & Davis LLP

New Jersey Enacts Landmark Legislation to Overhaul Affordable Housing Laws

On March 20, 2024, New Jersey enacted legislation which substantially revises the Fair Housing Act governing housing for low-income and moderate-income families in New Jersey. The new law is intended to streamline compliance...more

Fox Rothschild LLP

New Jersey Legislature Passes Affordable Housing Bill

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The New Jersey Legislature passed affordable housing legislation today that will usher in a new era of state affordable housing guidelines. While A4 has passed in both the New Jersey Assembly and Senate, it still awaits the...more

Greenbaum, Rowe, Smith & Davis LLP

NJ Appellate Division Reverses Certain Radburn Regulations Impacting Community Associations

On February 23, 2024, the Superior Court of New Jersey Appellate Division issued its opinion in a case involving regulations promulgated by the New Jersey Department of Community Affairs (DCA) – commonly referred to as the...more

Fox Rothschild LLP

The Mount Laurel Affordable Housing Process Bills: Proposals to Streamline the Judicial Process

Fox Rothschild LLP on

The New Jersey Legislature may re-introduce a bill this year to abolish the Council on Affordable Housing (COAH) and create a judicially administered process to determine regional affordable housing need, provide deadlines...more

Stevens & Lee

New Jersey’s First Hospital-Based Supportive Housing Opened Via Pioneering State Partnership Program

Stevens & Lee on

On July 10, 2023, St. Joseph’s Health and the New Jersey Housing Mortgage and Finance Agency (NJHMFA) celebrated the opening of Barclay Place in Paterson, NJ. Barclay Place is a 56-unit housing community where supportive...more

Greenbaum, Rowe, Smith & Davis LLP

An Overview of Amendments to the New Jersey Aspire Program

What You Need to Know- •The New Jersey Aspire Program has been amended to incentivize developers seeking to close project financing gap costs associated with commercial, mixed use, and residential real estate development...more

Greenbaum, Rowe, Smith & Davis LLP

The New Jersey Economic Recovery Act Of 2020: An Overview Of The New Jersey Aspire Program

The New Jersey Economic Recovery Act of 2020 (ERA), a seven-year, $14 billion package of incentive programs intended to encourage New Jersey job growth, property development and redevelopment, community partnerships, and...more

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