In a recent government meeting, officials discussed a significant HUD 202 project aimed at enhancing affordable housing options in the municipality. The local government is set to donate land for the project, which will receive approximately $250,000 in predevelopment funding to cover preliminary engineering and other soft costs. This financial support is expected to facilitate the development of 148 housing units, effectively doubling the initial projection of 74 units.
The meeting highlighted the importance of special needs housing, with discussions on how projects that partner with nonprofits can earn additional credits. Specifically, for every unit developed, there is a potential for half a bonus credit, and for special needs housing, a bonus credit is available per bedroom. This initiative aims to address the ongoing demand for group homes and similar facilities.
Additionally, the Department of Community Affairs (DCA) has introduced a program that allows for the development of smaller projects, accommodating between 20 to 24 units. This initiative fills a gap for projects that are too large for traditional funding but not substantial enough to qualify for larger programs. A notable example cited was a collaboration between the Worcester County Housing Authority and Rowan College, which resulted in a special needs housing project adjacent to a high school. This project not only provides housing for students transitioning out of school but also offers employment opportunities and access to a wellness center.
Overall, the discussions underscored the commitment to expanding affordable housing and addressing the needs of special populations within the community.