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In Bergen County, Paramus leads that category, with 1,500 more units needed to meet its affordable-housing obligations, the state says. In Passaic County, Wayne will need another 1,700. In Passaic ...
The numbers, released late Friday afternoon, call for 84,698 affordable units statewide to be designated in the next decade. NJ releases new affordable housing quotas. See your Central Jersey town ...
The Council on Affordable Housing (COAH) was, until its abolition in 2024, [1] an agency of the Government of New Jersey within the New Jersey Department of Community Affairs that was responsible for ensuring that all 566 New Jersey municipalities provided their fair share of low and moderate income housing
An analysis by the Fair Share Housing Center found that New Jersey has doubled the rate of affordable housing production since the state shifted the process from COAH to court settlements.
The LIHTC provides funding for the development costs of low-income housing by allowing an investor (usually the partners of a partnership that owns the housing) to take a federal tax credit equal to a percentage (either 4% or 9%, for 10 years, depending on the credit type) of the cost incurred for development of the low-income units in a rental housing project.
Permanent, federally funded housing came into being in the United States as a part of Franklin Roosevelt's New Deal. Title II, Section 202 of the National Industrial Recovery Act, passed June 16, 1933, directed the Public Works Administration (PWA) to develop a program for the "construction, reconstruction, alteration, or repair under public regulation or control of low-cost housing and slum ...
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