Fair 18°
Tag:

Prospective Need

News
NJ Sets New Affordable Housing Quotas: Check Your Town's Numbers NJ Sets New Affordable Housing Quotas: Check Your Town's Numbers
NJ Sets New Affordable Housing Quotas: Check Your Town's Numbers Municipalities across New Jersey must add or rehabilitate approximately 146,000 affordable housing units by 2035. Last week, the Department of Community Affairs released non-binding calculations for every town across the Garden State by a new law requiring each town to meet a specific obligation. You can click here to see the numbers in your town (page 20). The list includes two sets of numbers: "Present Need" and "Prospective Need." Present Need refers to renovating existing substandard units while Prospective Need refers to the number of new units that each municipality must create. Whi…

SHARE

by Cecilia Levine