Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Consultant warns of tight deadlines under New Jersey's new affordable-housing law; Jan. 31 binding resolution is key
Summary
T&M Associates briefed the Hamilton Council on the state's March 2024 affordable-housing amendments, explaining how municipal obligations will be calculated, the role of a vacant-land adjustment, and critical near-term dates (DCA's Oct. 20 obligation release, Jan. 31 binding resolution, June 30 planning-board housing element).
T&M Associates told the Hamilton Township Council on Sept. 17 that new state legislation adopted in March 2024 significantly changes how municipal affordable-housing obligations are calculated and scheduled and imposes near-term deadlines town officials must meet.
"The deadlines are statewide," Caroline Reiter, planning group manager at T&M, told the council. She said the law eliminated the Council on Affordable Housing, created a funded dispute-resolution program and shifts key calculation steps to a regional-to-municipal formula that relies on three municipal factors: equalized nonresidential valuation, income capacity and land capacity.
Reiter emphasized several dates the council…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
