League of Municipalities files motion to protect affordable housing dollars
The New Jersey State League of Municipalities today filed a brief as amicus curiae in an emergent motion to prevent the state from seizing up to $200 million in money municipalities had set aside to provide affordable housing.
The state could take the money as early as July 17.
Municipalities are permitted to impose and collect fees from developers of residential property. Those fees are deposited into an affordable housing trust fund. A municipality must commit to spend those funds by July 17, or the state has threatened to seize them. However, the State has consistently refused to define “commit to spend,” leaving municipalities in the dark as to what is expected of them. (Staff, PolitickerNJ)