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New Jersey’s Latest Affordable Housing Reforms: Implications for Philanthropy

New Jersey’s Latest Affordable Housing Reforms: Implications for Philanthropy

When: 
Thursday, September 12, 2024 -
10:00am to 11:00am EDT
Where: 
Webinar
$50.00
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In March 2024, Governor Murphy signed into law significant reforms to the ways that New Jersey enforces municipal affordable housing obligations under the state Supreme Court Mount Laurel doctrine. The new law creates enhanced affordable housing opportunities for New Jersey’s low-and moderate-income households, while seeking to streamline the affordable housing development process by setting clear guidelines for determining housing obligations. It is expected to reduce legal costs and judicial involvement. Join Adam Gordon, Executive Director and Emily Devenney, Grants and Development Manager of the Fair Share Housing Center for a conversation about what this new legislation means for philanthropy.

Since the revival and improved enforcement of the Mount Laurel Doctrine in 2015, New Jersey has seen a considerable increase in affordable housing production. However, there remains a substantial shortage of affordable homes in the state, particularly for very low-income residents. The legislation aims to address this gap by ensuring that every municipality contributes its fair share of affordable housing.

Key features of the legislation include a streamlined process for determining affordable housing obligations, codification of methodology for calculating these obligations, increased transparency in the housing development process, and the repeal of the state Council on Affordable Housing (COAH). Additionally, the legislation prohibits wealthy towns from avoiding their housing obligations through regional contribution agreements.

Cost: Free for CNJG Members; $50 for Non Member Grantmakers

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