N.J. lawmaker wants to delay Gov. Christie’s plan to transfer affordable housing funds

The head of a legislative panel examining Gov. Chris Christie’s demand that municipalities surrender unused affordable housing funds wants to delay the transfers, at least until lawmakers know how the $161 million will be allocated. At a special hearing of the Housing and Local Government Committee today, Assemblyman Jerry Green (D-Union), chairman of the panel, said towns that have made a good-faith attempt build their share of affordable housing units shouldn’t be penalized by being stripped of the funds. A law enacted in 2008 requires municipalities to relinquish to the state all money that was not committed by July 17 to low- and moderate-income housing projects.

Star Ledger

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