NEWARK, NJ-The saga continues: Towns do not have togive back $164 million in affordable housing fundsto the state to balance its budget. At least not yet.
New arguments about the long-running issue will be heard June 5in Newark before a state appeals court panel.
Earlier this week, Judge Jose L. Fuentes issueda temporary injunction against New Jersey taking the money whichtowns have held in trust for projects that would fulfill theiraffordable housing responsibilities.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
