A ruling by the state Supreme Court on Wednesday is being hailed as a victory for affordable housing advocates and developers, but reaction from other experts and stakeholders was mixed, as they worked to understand what the decision would mean going forward.
For all of the uncertainty over how many new affordable housing units that municipalities will be forced to allow — whether it’s 100,000 or 300,000 — there will be another key question to answer when the state Supreme Court makes that determination.
Can the market in New Jersey support that many new homes?
After decades of litigation and controversy over how to address affordable housing in New Jersey, stakeholders on virtually all sides appear to be coming together on at least one point:
We may finally be inching toward a solution — even if it’s one that is messy, imperfect and still likely to cause additional strife across the state as the key details are worked out.
Uber may have unveiled a new partnership with a New Jersey developer earlier this week, but it’s just one of the steps that the ridesharing service has taken — and is planning for the future — to work hand in hand with the real estate industry and other business sectors.
A company official detailed some of those other affiliations last week, speaking directly to a crowd of NAIOP New Jersey members and professionals in Elizabeth.
Fields Construction Co. has been awarded the Hoboken Chamber of Commerce’s Developer/Builder of the Year award for its work in the Mile Square City, the firm announced.
As the state Supreme Court weighs the issue of affordable housing, stakeholders will gather later this month to shed light on the issue and tackle one of New Jersey’s most divisive and seemingly unsolvable public policy questions of the past three decades.
Industry leaders hailed the accomplishments of Joe Riggs, a longtime group president with K. Hovnanian Enterprises, during an evening reception in Florham Park. The New Jersey Builders Association hosted the event as part of a fundraiser for its political action committee, drawing some 250 homebuilding executives and professionals to the Park Avenue Club and raising about $150,000.
More than 700 professionals from the multifamily housing industry gathered recently to honor companies, individuals and allied services at the New Jersey Apartment Association’s 23rd Annual Garden State Awards of Excellence gala.
Stakeholders are celebrating a project that is not only a long time coming, but coming at perhaps the perfect time for Newark.
Business leaders and public officials gathered in Newark on Monday for groundbreaking ceremony for One Theater Square, a $116 million residential tower across from the New Jersey Performing Arts Center.