CHRISTIE OUTLINES PLAN TO END COAH, REFORM AFFORDABLE HOUSING

225px-ChChristieGovernor Chris Christie today outlined a plan for affordable housing. Under the new system, the Council on Affordable Housing (COAH) and State-imposed housing obligations will be abolished and a fair, locally directed obligations to build low and moderate-income housing will be created. he Governor’s proposal calls for a 10 percent affordable housing unit requirement in development projects greater than 10 units (i.e. 2 affordable units for a 20 unit development), and requires a payment to a municipal affordable housing trust fund for projects between 2 and 10 units.  The Governor recommends provisions to give priority housing trust funding for projects that provide special needs housing. “These new measures will help to fix a broken system by promoting sensible, predictable and achievable planning to implement change,” said Governor Christie.

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