New Jersey’s Department of Community Affairs has mandated towns to develop a total of 84,698 affordable homes, averaging about 150 units per town, to combat the housing crisis.
Governor Murphy expressed gratitude to the agency for meeting the deadline and emphasized the implementation of the law to benefit families across New Jersey.
Housing experts estimate a need for over 200,000 affordable homes in New Jersey, as low-income families often spend over half of their income on rent.
A coalition of 23 towns, led by Montvale Mayor Mike Ghassali, is suing to overturn the newly enacted state law, claiming it imposes an unfair development burden.
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