March 20, 2024 | nj.gov
Credit: Image by Paul Brennan from Pixabay
Governor Phil Murphy today (3/20) signed landmark affordable housing legislation to support towns in meeting their affordable housing obligations, building on his administration’s promise to create a stronger, fairer, and more affordable state for all New Jerseyans. The legislation develops a new system for municipalities to meet their Mount Laurel affordable housing obligations, replacing the current process that exists entirely in the courts.
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NJ SEED: The new law replaces the defunct Council on Affordable Housing and promises to streamline the process for municipalities to meet their obligations under the court ordered Mont Laural Decision. The new procedures promise to “incentivize” municipalities to build more affordable housing.