Get Full Government Meeting Transcripts, Videos, & Alerts Forever!

Toms River to fund deed-restriction purchase at Northpointe/Deer Hollow to meet affordable-housing obligations, officials say

July 30, 2025 | Toms River, Ocean County, New Jersey


This article was created by AI summarizing key points discussed. AI makes mistakes, so for full details and context, please refer to the video of the full meeting. Please report any errors so we can fix them. Report an error »

Toms River to fund deed-restriction purchase at Northpointe/Deer Hollow to meet affordable-housing obligations, officials say
The council approved an authorization for appraisal services related to acquiring deed-restriction extensions at the Northpointe/Deer Hollow apartment complex, a move the administration said is designed to satisfy the township’s affordable-housing obligations while avoiding construction of thousands of new units.

Town officials described a strategy of purchasing extended affordability covenants on existing rental properties so the township can meet state-mandated affordable-housing obligations without building large new apartment complexes. The administration said the trust fund used to pay for these extensions is made up of developer contributions collected over time and not direct general-tax money.

The mayor said the trust fund was never used under the prior administration and that about $9 million remained available; council members discussed the pending state review of the township plan and a court-ordered mediation scheduled before a retired judge. One council member said the state had not yet approved the plan and said he would vote against an expenditure until state approval is final. The mayor said appraisals and acquisition fees are paid from the affordable-housing trust rather than general taxes.

What’s next: appraisal services will be performed, and the administration said it expects the matter to be part of an imminent hearing related to the municipality’s affordable-housing plan.

Don't Miss a Word: See the Full Meeting!

Go beyond summaries. Unlock every video, transcript, and key insight with a Founder Membership.

Get instant access to full meeting videos
Search and clip any phrase from complete transcripts
Receive AI-powered summaries & custom alerts
Enjoy lifetime, unrestricted access to government data
Access Full Meeting

30-day money-back guarantee

Sponsors

Proudly supported by sponsors who keep New Jersey articles free in 2025

Scribe from Workplace AI
Scribe from Workplace AI