TRENTON, NJ—The state’s Council on Affordable Housing released its court-ordered draft of new rules on the number of affordable housing units that should be available for low-income residents of each New Jersey municipality.

The long-awaited set of regulations was mandated by an order of the state Supreme Court. If approved, the rules would replace thresholds that expired 15 years ago and call for an additional 110,000 affordable housing units across the state. The proposed rules also call for zoning changes to permit construction of 40,000 new homes and rehabilitation of more than 60,000 others by 2024, according to The Star Ledger.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.