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Giordano, Halleran & Ciesla, P.C. offers exceptional career opportunities to lawyers, aspiring graduates and business support professionals in an environment that is challenging and rewarding. Our continued success depends on our most important asset – our people – which is why we take care in recruiting and retaining the best. We look for candidates with academic excellence, proven commitment and self-motivation.

As a forward-thinking and client-oriented law firm, Giordano, Halleran & Ciesla is continually seeking out new talent to join our team. We look for team players possessing the ability to work individually and as a part of our departmental teams.

If interested, we encourage you to submit a cover letter and resume directly to James D'Arcy, via email to info@ghclaw.com or via fax to (732) 224-6599.

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    Will Governor Christie Extend the Moratorium on Non-Residential Development Fees?

    July 29, 2014


    By Michael A. Bruno and Steven P. Gouin

    A new bill (A1907) that would extend the statewide moratorium on the collection of non-residential development fees (“NRDFs”) recently passed both the New Jersey State Assembly and Senate. It now awaits Governor Christie’s signature. If signed into law, the bill would reinstate the moratorium on the collection of NRDFs that expired July 1, 2013, extending it to December 31, 2014. Developers who paid NRDFs during that period would be eligible to seek a refund, which must be granted so long as the NRDF has not already been expended for affordable housing.

    NRDFs were initially established in New Jersey by P.L. 2008, c. 46 and codified in the Municipal Land Use Law. For any non-residential development, the required NRDF is 2.5% of the equalized assessed value of land and proposed improvements. The NRDF is collected at the municipal level and paid into a state fund for the development of affordable housing.

    The initial moratorium on the collection of NRDFs was contained in P.L. 2009, c. 90 and ended July 1, 2010. The second moratorium was found in P.L. 2011, c. 122, which extended the moratorium to July 1, 2013. As of July 1, 2013, municipalities were again required to impose a n NRDF on new non-residential development. No NRDFs may be assessed against projects that received site plan approval prior to July 1, 2013, provided that a construction permit is issued by July 1, 2015.

    If signed into law, the re-imposition of the moratorium would be an important albeit relatively short lived, benefit to non-residential developers.

    Posted in: Real Estate

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