Gov. Phil Murphy has signed a landmark bill to revamp how New Jersey calculates and enforces each town’s obligations for affordable housing, setting a path for a new phase of residential development across the state under the Mount Laurel doctrine.
The state Assembly has passed a bill that would revamp how New Jersey calculates each town’s affordable housing obligations, seeking to streamline a process that had languished in recent decades before being taken over by the state judiciary.
Gov. Phil Murphy has announced his choice to lead the state Department of Community Affairs after the death of Lt. Gov. Sheila Oliver, who had led the agency since taking office in 2018.
The death of Lt. Gov. Sheila Oliver is rippling through the state’s commercial and residential real estate industries, whose leaders recalled her as a pioneer and devoted public servant who advocated for affordable housing and economic development.
Gov. Phil Murphy has signed into law a bill that aims to speed up construction permitting in New Jersey, allowing developers to hire private-sector code inspectors if local officials cannot complete a review within three business days of a requested date.
A development team has closed on $42 million in financing for a project that will bring 78 affordably priced apartments to an area just north of Newark’s University Hospital.
With New Jersey’s eviction moratorium drawing down and state officials no longer taking applications for rental assistance for landlords and tenants impacted by the pandemic, stakeholders are hoping to see a new eviction prevention program take center stage.
Homebuilders joined key public officials at the Atlantic Builders Convention last month to confront New Jersey’s housing supply and affordability crisis, pledging a spirit of cooperation as they search for solutions.
A bill that would streamline construction code inspections in New Jersey using third-party, private-sector consultants is all but dead for now, following a conditional veto by Gov. Phil Murphy that shelved the proposal in favor of a two-year study by state officials.
The state has disbursed more than $230 million in federal funds aimed at providing relief to apartment renters and landlords impacted by the COVID-19 crisis, officials said last week.
