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Why court imposed housing when we have so many vacant housing units in New Jersey ?

August 7,2018

the staff of the Ridgewood blog

Ridgewood NJ, the state of New Jersey currently has a total of 391,428 vacant housing units, according to Census data, with the highest concentration in Newark.

In a recent report by the Lincoln Institute of Land Policy the report noted that abandoned properties have a devastating effect on the fiscal health of the town. They pay little in taxes and generate little revenue. By devaluing neighboring properties, they reduce property tax collections.

Additionally, the government bears substantial costs to deal with these properties. The report calls them “a massive drain on public resources, hitting hardest those cities already struggling to meet payrolls and invest in their future.”

Assemblywomen Holly Schepisi noted , “Currently, New Jersey has a total of 391,428 vacant housing units, according to Census data, with the highest concentration in Newark. These numbers are staggering particularly as we build hundreds of thousands additional units of court imposed housing in New Jersey. Why aren’t we converting even a fraction of these homes into affordable housing rather than building on every last remaining parcel?What is wrong with this State?”

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NJ Assembly Housing and Community Development Committee Hosts Forced Developement Lobby

CBD high density housing

July 25,2018

the staff of the Ridgewood blog

Trenton NJ,  Assembly Housing and Community Development Committee Chair Benjie Wimberly will convene a Wednesday hearing to discuss the issue of affordable housing. The committee will receive testimony from invited speakers and the public.

In an effort to start a fresh discussion on housing concerns, Wimberly plans to hold similar forums throughout New Jersey.
“It is no secret that the cost of living in New Jersey is among the highest in the nation. And, currently, we are at an all-time high in terms of demand for affordable housing,” Wimberly (D-Bergen/Passaic). “We face a severe shortage of affordable homes in our state. This concerns us as a legislative body and committee.”

Among the invited guests for tomorrow’s hearing: Housing and Community Development Network of New Jersey, Fair Share Housing Center, the New Jersey Apartment Association and Community Investment strategies.
Audio of the hearing will be streamed at http://www.njleg.state.nj.us/media/live_audio.asp.