Princeton council endorses fourth‑round affordable housing plan and approves settlement with Fair Share Housing Center

The Princeton mayor and council on June 26, 2025, endorsed the town’s fourth‑round municipal housing element and fair share plan, adopted the attached spending plan, authorized an intent to fund or bond the program, and approved a settlement agreement with the Fair Share Housing Center.

The actions, taken by voice vote during the council meeting, implement Princeton’s submission for the state’s fourth‑round affordable housing process and formalize the town’s agreement with Fair Share Housing Center, officials said.

Why it matters: the resolutions set the local plan and spending framework for the fourth round of affordable housing obligations and commit the municipality to pursue funding options that could include municipal bonding if state or other funds do not materialize.

The council considered three linked resolutions (listed in the meeting as 25‑230, 25‑231 and 25‑232). Councilmember Mia moved the resolution endorsing the municipal housing element and…