Breaking Down the New Jersey Supreme Court Ruling on Affordable Housing – [VIDEO]
The March 10, 2015 ruling from the New Jersey Supreme Court stripping the Council on Affordable Housing (COAH) of their oversight of the constitutional obligation of every municipality in New Jersey to plan for an accommodate affordable housing has effectively changed the rules for all of us. Although many things still remain somewhat unclear, including whether the legislature will act to pass new rules for affordable housing obligations, the clock is now ticking for all sides of this issue.
In this video podcast Q&A, we breakdown the implications of the ruling, including the history of affordable housing oversight in New Jersey and what the Supreme Court ruling has in store for us going forward.
The bottom line is not only have New Jersey’s municipalities been put on notice that they must submit suitable plans for affordable housing to the Courts by July 8, 2015; but this ruling gives builders and developers legal remedies (outside of the administrative appeals process within COAH) with which to compel these municipalities to comply. If a property owner or developer has a property/site that is suitable for affordable housing, the time to act is now.