From the Jersey City Reporter:
120-page affordable housing plan coming
By Ricardo Kaulessar
Jersey City plans to deal with its shortage of affordable housing with a plan outlined in a 120-page internal document that may be released to the public this December, sources say.
The document is being put together by Doug Greenfield, supervising planner for the Jersey City Department of Housing, Economic Development and Commerce, who is also heading up a team of city officials who have been counting the number of affordable housing units in the city.
The state now requires municipalities to provide one affordable housing unit for every eight market-rate units built and for every 25 jobs created in the city.
But the city is also considering another method of increasing its affordable housing stock – forcing developers to pay $150,000 or more for every affordable housing unit they decide to not to build.
The Council on Affordable Housing (COAH) is a state organization that sets guidelines for municipalities to meet their affordable housing obligations.
By their standards, “affordable” rental housing in New Jersey should not cost more than 28 percent of a person’s income.
Previously, municipalities were assigned a specific number of affordable housing units to be built within their borders. Now, there is a ratio to market-rate units and jobs.