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NJAA opposed S-1585, sponsored by Senator Turner (D-Mercer). The bill would prohibit the use of credit scores in evaluating the creditworthiness of applicants seeking to rent either affordable housing or market-rate housing while utilizing federal or State tenant-based rental assistance vouchers. Additionally, the bill sets forth specific criteria that apartment owners may use to evaluate such applicants.

Also in attendance are approximately 75 members, leaders, and staffers enjoying the momentous celebration. The 20,000 square foot building, expected to be completed in 2016, will host the New Jersey Realtors staff on floors 2 and 3, with the ground floor set to be leased out for retail, restaurant, or office space.

Diane Turton, Realtors, founded in 1985, recognized the outstanding performance of its management, agents and staff during a gala celebration at Doolan’s Shore Club in Spring Lake on May 21, 2015. “We look forward to this event each year when we can recognize the best of the best and acknowledge their outstanding achievements”, said Diane Turton, President/Founder of Diane Turton, Realtors.

Also in attendance are approximately 75 members, leaders, and staffers enjoying the momentous celebration. The 20,000 square foot building, expected to be completed in 2016, will host the New Jersey Realtors staff on floors 2 and 3, with the ground floor set to be leased out for retail, restaurant, or office space

On June 1, 2015, the Assembly Housing and Community Development Committee approved legislation A-3069 supported by New Jersey REALTORS® that creates standards for election and recall of homeowners’ associations board members. The bill sets forth criteria for required numbers of board members for homeowners’ associations and requires that owners within an association be allowed to vote anonymously.

the U.S. Environmental Protection Agency (EPA) proposed a $14 million cleanup plan to remediate contaminated soil from approximately 33 residential properties at the Sherwin-Williams/Hilliards Creek Superfund site spanning parts of Gibbsboro and Voorhees. The EPA stated that the soil and groundwater beneath portions of the site contain hazardous lead, arsenic and volatile organic compounds.

Assemblyman Jack Ciattarelli and Assemblywoman Donna Simon, both R-Somerset, Morris, Mercer and Middlesex, lauded Wednesday’s announcement by Gov. Christie that Manville is now a beneficiary of the Blue Acres Buyout Program. The program, which is overseen by the Department of Environmental Protection, allows willing homeowners to sell their houses at pre-Sandy market value. The home purchased in Manville is the 300th property acquisition since the program’s inception two years ago

Everyone knows that when you sell your home, there are closing costs, realtor commissions, legal fees, etc…but what about the hidden costs?

Wyndham Exchange & Rentals, part of the Wyndham Worldwide family of companies (NYSE: WYN), announced the appointment of Lisa Calicchio, SPHR, to the position of executive vice president, Global Human Resources. Based in the company’s Parsippany N.J. headquarters, Calicchio will lead strategic efforts to enhance the vacation exchange and rental company’s Human Resources (HR) function across the organization

Grande Apartments, located at 240 West Sumner Ave. in this Union County suburb, has been sold for $12.17 million in a trade arranged by the multi-family investment brokerage firm Gebroe-Hammer Associates of Livingston. The team of Managing Director Joseph Brecher and Senior Vice President Stephen Tragash exclusively represented the seller, Sumner Rose LLC, and procured the buyer, Landmark Companies, LLC. Previously, Gebroe-Hammer arranged the sale of the same property in 2006

New Jersey Housing and Mortgage Finance Agency (HMFA) Executive Director Anthony L. Marchetta recently joined local officials, community leaders, and representatives of HANDS, Inc. to break ground on Hat City Lofts, a 32-unit affordable housing community located in the City of Orange, Essex County. The HMFA, an affiliate of the New Jersey Department of Community Affairs (DCA), is providing a total of approximately $4.3 million in financing for the project through a construction loan and its Choices in Home Ownership Incentives Created for Everyone (CHOICE) program

“Property taxpayers shouldn’t be socked to make up the difference when big companies leave New Jersey over higher taxes and costs,” said Schepisi. “We have to put the breaks on these built in tax hikes to protect the residents and businesses that are staying to help us rebuild our economy.”

The Homeowners Consumer Center is urging homeowners in New York or New Jersey to call them anytime at 866-714-6466 if they received a less than adequate settlement from their homeowners insurance company for severe storm or fire damage to their home, with the only proviso the damage and settlement has to have occurred within the last two years.

Bergen County, NJ is among the most aggressively priced and highest-barrier-to-entry multi-family investment markets in the region, according to the brokerage professionals at Gebroe-Hammer Associates. In a recent two-week timeframe, the Livingston-based brokerage firm arranged three separate apartment building sales in the county, which accounts for approximately 10 percent of New Jersey’s overall population.

The bill, A-1286/S-2439 allows school districts to establish a special account using federal dollars to offset the loss of property taxes from federal property. At the same time, it prevents the state from reducing education aid because of the federal funds

The Yonkers Industrial Development Agency gave final approval today to a plan that returns a tax delinquent and condemned apartment house on Morris Street to taxpaying status, providing housing for 18 tenants in the future.

U.S. Senator Bob Menendez commended actions announced today by the Department of Housing and Urban Development’s Federal Housing Administration (FHA) to strengthen the Distressed Asset Stabilization Program (DASP) in order to help struggling homeowners avoid foreclosure and stay in their homes, and assist communities suffering with high concentrations of foreclosures and distressed mortgages. New Jersey remains at the top of the nation in terms of homes in foreclosure, and the changes come in response to feedback from Senators Menendez and Booker and other stakeholders.

In its continued effort to meet and assist Sandy-impacted families right in their home communities, the Christie Administration today announced that the 16th Information Session will be held Wednesday, April 29st, in Sea Bright, Monmouth County, to provide personal assistance for storm-affected homeowners participating in the Reconstruction, Rehabilitation, Elevation and Mitigation (RREM)

DeNeal’s Café & Grill at 40 and 50 Union Avenue Medical/Professional Office Campus recently marked its grand opening on the ground floor of the eight-story, 52,000-square-foot 50 Union Ave., office tower. The café, which is just steps from the adjacent four-story, 20,000-square-foot 40 Union Ave. building, is owned and operated by Alesia Williams, a 17-year food service industry veteran.

The Morris County Freeholders have approved a long-awaited $4.7 million Sussex Turnpike intersection improvement project designed to enhance safety and traffic flow on the busy road that runs through Randolph, and serves as a commuter route to and from Morristown, the County College of Morris and Route 10 in Roxbury