Residential & Mixed Use
Hudson Atlantic closes sale of 59-unit senior affordable housing building in Bayonne

A private buyer has closed on a 59-unit senior affordable housing property at the south end of Bayonne, according to a listing team with Hudson Atlantic Realty.

Government & Public Policy
Sentiment shift: Encouraged by new Sherrill administration, NJBA sees clearer path to expanded housing production, affordability

A new governor has brought fresh optimism to the New Jersey Builders Association, which points to the Sherrill administration’s focus on affordability and government efficiency as a key step toward expanding the housing stock and lowering costs for residents.

Government & Public Policy
Sherrill retains Suárez as Department of Community Affairs commissioner

Jacquelyn Suárez, the head of the state’s Department of Community Affairs, will stay on in the role when Gov.-elect Mikie Sherrill takes office in less than three weeks.

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.

Government & Public Policy
Towns file federal lawsuit over New Jersey affordable housing law, adding to state litigation

The coalition of towns seeking to undo New Jersey’s new affordable housing law is taking its case to federal court, arguing the framework violates the Constitution’s equal protection clause.

Government & Public Policy
NJBA launches legal challenges against towns seeking to lower affordable housing obligations

The New Jersey Builders Association is suing nearly 160 municipalities that have sought to reduce their affordable housing obligations under a law adopted last year, setting up a new round of legal battles as state officials roll out the closely watched program.

Government & Public Policy
Bill to boost housing density with extra state aid to towns clears Assembly committee

State lawmakers are hoping to create new housing in New Jersey with an incentive-based approach, unveiling a bill that would boost aid to municipalities that update their zoning to allow for higher-density residential development.

Government & Public Policy
Towns challenging new affordable housing law detail latest strategy, eyeing Jan. 23 hearing

The coalition of towns seeking to block New Jersey’s new affordable housing law will soon have another day in court, having raised fresh concerns about the process that state officials will use to resolve zoning disputes and about a set of newly released regulations.

Government & Public Policy
Towns say they’ll appeal after judge rejects bid to halt state’s new affordable housing law

A coalition of two dozen towns vowed to appeal after a judge denied its request to pause the rollout of New Jersey’s new affordable housing law, in a move that allows state officials to proceed even as the court prepares for additional arguments in the case.

Government & Public Policy
Cautious optimism: Developers, advocates say new DCA guidance brings much-needed structure to affordable housing debate

The path is by no means clear, not even by the most optimistic accounts. But new guidelines on addressing New Jersey’s affordable housing deficit is a key starting point for builders and advocates as they mull the next phase of residential development in the state. Stakeholders have said as much in recent weeks, conveying cautious optimism even as they grapple with the financial hurdles, legal battles and political debates that have slowed housing production in the past.