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‘Historic milestone’ as NJ towns submit affordable housing plans

All 564 New Jersey municipalities this week faced a deadline to comply with the state’s affordable housing law. That means they had to adopt ordinances stating how they’ll plan for such residences over the next decade. It’s been a contentious journey. Several towns are still not on board, even as housing advocates say the state needs more than 200,000 new units to help address the affordability crisis.

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New Jersey affordable housing plans deadline arrives. Here’s what happens next

New Jersey has some of the most expensive homes in the nation. A 2024 law that takes effect today attempts to make the Garden State affordable for homebuyers. It requires all municipalities to complete and submit an affordable housing plan and to pass any necessary ordinances to implement it, no later than today.

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AFFORDABLE HOUSING SET TO TAKE OFF

Affordable housing is about to get a jolt in New Jersey as towns begin implementing the plans they have been scrambling to design and get okayed in order to meet a March 15 legislative deadline. The timeline was established by a critical law passed in 2024 which for the first time set into the legal statutes the rules determining how much affordable housing must be built by towns.

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