Legislation sponsored by Assembly Democrats Upendra J. Chivukula (D-Middlesex/Somerset) and Vincent Prieto (D-Bergen/Hudson) that would make affordable housing more accessible to New Jersey veterans was signed into law on Monday. The new law (S-829/A-1744) allows municipalities to enter into agreements with developers to provide affordable housing occupancy preferences of up to 50 percent of the affordable units in a particular project for low to moderate income veterans who served in time of war or other emergency. Current New Jersey law does not extend affordable housing preferences to low to moderate income veterans. Under the bill, any agreement to provide affordable housing preferences for veterans will not affect a municipality’s ability to get credit for the unit from COAH. As of December 2011, nearly one in seven homeless adults are veterans, according to the Center for American Progress.
The Affordable Housing Report daily "Twitter paper" on Paper.li. Super cool.