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New Jersey’s affordable housing crisis has intensified, with homelessness rising 24% since 2023, totaling over 12,600 individuals, including a significant increase in families with children. A statewide shortage of approximately 224,000 affordable housing units exacerbates the issue, compounded by declining rental vacancy rates and escalating rents. In response, the state enacted comprehensive legislation in March 2024 to streamline municipal compliance with affordable housing obligations, replacing the defunct Council on Affordable Housing with the Department of Community Affairs and introducing an Affordable Housing Dispute Resolution Program.

Nj.com

NorthJersey.com

New Jersey faces a severe affordable housing shortage, but its Mount Laurel Doctrine mandates municipalities provide their fair share of affordable homes. A new law streamlines the process, making it easier and cheaper for towns to create these homes. While some wealthy towns try to block development, most municipalities are cooperating, seeing benefits like improved outcomes for residents and stronger communities. Affordable housing boosts economic growth and stability for everyone.

As one of the most expensive real estate markets in the U.S., New Jersey faces a severe shortage of affordable homes — over 200,000 units short, with 14 prospective renters vying for each vacancy. The human impacts of this crisis are profound, especially for Latino families, who experience housing instability at disproportionate rates due to the lingering effects of historical discrimination and residential segregation.

A Superior Court judge declined to pause the implementation of an overhaul of New Jersey’s affordable housing system passed last spring, roundly rejecting a challenge from towns that argued they would face harm if a law they claim is unconstitutional was allowed to take effect.

Evesham Township’s officials write that affordable housing
should be viewed as a way to enhance the local economy,
promote inclusivity, and strengthen community bonds.

The Fair Share Housing Center has released a guideline to help create affordable homes in New Jersey.

The new report details how towns can choose from a range of options, including 100% affordable housing, mixed-income housing, or preservation of existing homes that otherwise would no longer be affordable.