New Jersey State Senate Passes Bill S-1
June 11, 2010
Red Bank - On June 10, 2010, the New Jersey State Senate passed Bill S-1 that proposes to abolish the council on Affordable Housing (“COAH”) and revamp how municipal compliance with affordable housing obligations will be established. Bill S-1 has been amended slightly from its prior version so as to incorporate some of the proposals in the Housing Task Force Report prepared for the Governor. The next step is for Bill S-1’s companion bill in the State Assembly, Bill A-2057, to go through the legislative process.
There are many moving parts with Bill S-1, however, key aspects are as follows:
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|Tags: Craig M. Gianetti, Real Estate, Land Use & Development, COAH|