Forced Affordable Housing
This will never work. It never has and never will; nor should it.
"With the third round of state Council on Affordable Housing (COAH) obligations under way, the Little Silver Borough Council is taking steps to create a plan based on the amount of undeveloped space in the borough.
To meet the borough’s current obligation, two ordinances and one resolution were passed at this week’s council meeting.
The borough is backlogged on its fair-share housing obligation with 207 affordable housing units yet to be built.
The first ordinance requires developers to construct one affordable housing unit for every eight market-rate units built, and one unit of affordable housing for every 25 new jobs created by a commercial project."
more...
"With the third round of state Council on Affordable Housing (COAH) obligations under way, the Little Silver Borough Council is taking steps to create a plan based on the amount of undeveloped space in the borough.
To meet the borough’s current obligation, two ordinances and one resolution were passed at this week’s council meeting.
The borough is backlogged on its fair-share housing obligation with 207 affordable housing units yet to be built.
The first ordinance requires developers to construct one affordable housing unit for every eight market-rate units built, and one unit of affordable housing for every 25 new jobs created by a commercial project."
more...
posted by Little_Silvered at 8:57 PM
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