Monday, March 17, 2008

Affordable Housing Obligation

Cranbury is facing some urgent affordable housing issues. There is a special township committee meeting on Monday night, March 17 at 7:00 pm in the cafeteria of Cranbury school on the topic. This will help put together a response for the 3/22 deadline.

The new round 3 COAH (Council on Affordable Housing) rules could have a devastating effect on Cranbury. I am not sure of the exact figures, a lot of numbers have been thrown around, but the increase in new housing obligations is between 5x or 10x the original round 3 rules. It would be a serious hardship if Cranbury assumed that much new housing, which is 50-100% of the existing housing stock.

What seems particularly unfair is changing the original round 3 rules making it retroactive to previous construction. This takes away our ability to ask builders to shoulder the burden on affordable housing when they are planning their construction.

More will be determined at Monday's meeting and I will keep this updated as things progress on this issue.

Cranbury Press Article - Cranbury hit hard by new COAH rules

Link to the NJ State COAH website giving the rules

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