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Affordable Housing

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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…

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by Cecilia Levine
Real Estate
Affordable Housing Complex With Fitness Center, Support Services Opening In South Jersey Affordable Housing Complex With Fitness Center, Support Services Opening In South Jersey
Affordable Housing Complex With Fitness Center, Support Services Opening In South Jersey A premium apartment complex promising affordable housing and resources in Manahawkin is close to welcoming its first residents, officials said. The first building of the Cornerstone at Grassy Hollow II is expected to open its first building in mid-September, the developer Walters said in a news release on Monday, June 3. Construction was on track to be completed for the community at 200 Back Road in November. The income-restricted development will have 34 one-to-three-bedroom apartments in two buildings. "Creating high-quality affordable housing that meets the needs of residents is a real …

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by Chris Spiker