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Prospective Need

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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