WASHINGTON, D.C. – (RealEstateRama) — Assembly Republican Whip Scott T. Rumana (R-Bergen, Essex, Morris and Passaic) released the statement below following a New Jersey Appellate Division decision today not to mandate retroactive affordable housing obligations:
“This decision is welcome news as it will significantly reduce the number of housing units that municipalities will be required to build. For towns preparing to meet their court mandated affordable housing requirements, today’s ruling reduces pressure on them. It will help hundreds of municipalities across the state preserve open space while potentially reducing property tax growth, traffic, and flooding concerns. Today’s ruling brings welcome clarity to the discussion.”
