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Tuesday, December 18, 2007

N.J. proposes revised affordable housing rules

New housing rules proposed Monday would require one out of every five new housing units built in the Garden State to be affordable to low-income buyers.

The Council on Affordable Housing (COAH) proposed the revised rules after a court invalidated previous guidelines telling towns what they must do to make housing affordable to low-income residents.

The revised rules establish a need for 115,000 units of affordable housing over 11 years, more than double the previous quota.

Labels: New Jersey. Affordable Housing.

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