Change in N.J. affordable-home rules stymies builders.

At that point, town officials will have to decide whether they can allow Towne Center to go ahead as planned or must require Fieldstone to integrate low-income units into the development, risking the possibility the developer will walk away. The original plan called for 201 apartments or condominiums to be sold or rented to "young professionals," Corsini said. But that was based on the belief the town already had satisfied its low-income housing requirement of 75 units by 2018.

Read..
http://www.philly.com/inquirer/local/nj/20091208_Change_in_N_J__affordab...

Comments

Write your comments in the box below and share on your Facebook!