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Old Tappan council votes to support state bill S465 seeking changes to affordable-housing formula
Summary
The Old Tappan Mayor and Council adopted a resolution supporting New Jersey Senate Bill S465, asking the legislature to re-examine the affordable-housing 'perspective need' formula; councilmembers said the borough supports affordable housing but finds the current formula aggressive for small communities.
Council President Boyce introduced, and the council adopted, a resolution supporting New Jersey Senate Bill S465, which seeks to amend the state's affordable-housing "perspective need" formula.
In brief remarks, council members said Old Tappan supports affordable and moderate-income housing in principle but believes the current statutory formula produces an aggressive allocation for small communities. The resolution asks the legislature to take a "second look" at the method used to calculate municipal housing obligations and cites concerns that the current approach may overstate local needs.
The resolution was introduced on the floor, discussed briefly, and adopted by roll call. Council members noted the resolution text is lengthy and available on the borough website for public review.
The action is advisory to state lawmakers and the resolution will be forwarded as part of municipal advocacy on housing-rule reform.
