Government & Public Policy

From zoning disputes to the federal tax code, public policy affects the commercial real estate sector far more than you may realize. For industry leaders, government and politics demand constant attention.

Government & Public Policy
EDA approves $53 million Aspire award to rehab Atlantic City affordable housing complex

WinnCompanies has set its sights on Atlantic City, where the affordable housing firm plans to modernize 177 rental units with the help of the state’s Aspire tax credit program.

Government & Public Policy
Lions Group eyes 360-unit Journal Square rental tower with $90 million Aspire award

A developer is set to break ground on a 34-story, 360-unit apartment tower in Jersey City after securing a nearly $90 million tax credit award under the state’s Aspire program.

Government & Public Policy
Perth Amboy, East Orange projects among five to receive EDA gap financing grants

Plans for a new 23-unit apartment building in Perth Amboy are moving ahead with the help of a grant approved last week by the state Economic Development Authority.

Government & Public Policy
Murphy supersizes New Jersey community solar program, signs law to add 3,000 megawatts

New Jersey’s pioneering community solar program is poised for a massive expansion under a bill signed into law Friday by Gov. Phil Murphy.

Residential & Mixed Use
NJCC provides $8.6 million in predevelopment funding for Bayfront project in Jersey City

New Jersey Community Capital is taking a stake in the acclaimed Bayfront project in Jersey City, making an $8.6 million preferred equity investment in the West Side redevelopment.

Professional Services
Land use, cannabis attorney Wells among newest partners at Archer

Archer has elevated land use and cannabis attorney Richard Wells to partner as part of its latest round of promotions.

Residential & Mixed Use
A new solution: Supportive housing advocates, developers hope state law will spark major expansion of special needs units

There’s not enough supportive housing in New Jersey, according to advocates and industry experts, and they hope incentives in the state’s revamped affordable housing rules will help expand the market.

Government & Public Policy
Hackensack council votes to scrap PILOTs for major projects by Sanzari, Russo and Enburg, with legal action now looming

The Hackensack city council has voted to rescind payment in lieu of taxes agreements for three high-profile development projects, raising major questions about the fate of proposals that would bring another 650 luxury apartments to the municipality.

Residential & Mixed Use
PRC enters New Jersey, acquires 150-unit affordable housing complex in Paulsboro

Real estate firm PRC has acquired a 150-unit apartment complex in Paulsboro, where it’s now planning a major update to help maintain the property’s affordable housing subsidies.

Residential & Mixed Use
Pennrose, officials break ground on new affordable senior housing in New Brunswick

Pennrose has started construction on a project that will bring 66 new age-restricted, affordable housing units to downtown New Brunswick with the help of state and city funding sources.