Agency Impasse Leaves NJ Affordable Housing Rules in FluxOctober 21, 2014 – In The News
Henry Kent-Smith was quoted in the Law360 article "Agency Impasse Leaves NJ Affordable Housing Rules in Flux." Full text can be found in the October 21, 2014, issue, but a synopsis is below.
On Monday, the New Jersey Council on Affordable Housing deadlocked in a 3-3 vote on the proposed new affordable housing regulations requiring towns to provide a certain amount of low- and moderate-income housing units, which the agency put forth on April 30.
COAH has been working under time limits that the New Jersey Supreme Court imposed, giving them until October 22, 2014, to impose the regulations.
According to Henry Kent-Smith, Monday's vote means that the state's affordable housing policy remains in limbo.The absence of enforceable affordable housing regulations hampers towns' ability to plan and creates uncertainty for developers in deciding whether to invest in a project, Kent-Smith said.
"Until there's some resolution, that limbo will continue," Kent-Smith said.