When will housing affordability improve? Spoiler alert: It will take some time
Inflation is slowing and job growth has surged, but housing costs are still high, partly because of high demand, low inventory and mortgage rates.
New Jersey bill to revamp tax sale law is likely unconstitutional, experts say
New Jersey, like most other states, is seeking to revamp its tax sale system after a May ruling by the U.S. Supreme Court that bars the taking of home equity.
Affordable housing overhaul gets Assembly OK, but journey not over
The Assembly approved in the bill in a party-line vote, but the legislation is likely to see more, possibly limited, changes.
Desperate for affordable housing, some cities sweeten tax breaks for developers
Last month, city council members in Fort Worth, Texas, decided developers that received massive tax breaks to build affordable housing would no longer be able to buy their way out of the obligation by paying a $200 annual fee in lieu of each unbuilt low-income unit. In Columbus, Ohio, leaders voted in December to expand […]
Assembly panel advances bill to revamp affordable housing in New Jersey
A bill to overhaul New Jersey's affordable housing system faces just a few more votes after it advanced in an Assembly committee Monday.
Affordable housing overhaul gets Senate panel’s OK
Amendments to the bill that could leave some municipalities with as little as one month to draft affordable housing plans draw concern.
The U.S. needs homes. But first, it needs the workers to build them.
The construction industry says it is experiencing a workforce shortage and has been since well before the pandemic.
Tweaks to affordable housing bill haven’t won over opponents
Affordable housing advocates say the new bill is "stronger" than the last one, but critics say lawmakers need to do their homework.
Courts can’t force Gov. Murphy to fill vacancies on defunct affordable housing board, judges say
Tuesday's decision is a defeat for the towns behind a lawsuit seeking to force Gov. Phil Murphy to make appointments to the defunct Council on Affordable Housing.
County jail conditions — ‘hazardous even to a dog’ — spur calls for independent oversight
New Jersey's 16 county jails don't have the independent oversight state prisons face. Critics say bad jail conditions prove it's needed.
Murphy administration launches initiative to battle appraisal discrimination
Discriminatory appraisals violate the Law Against Discrimination and violators can face penalties under existing law, state officials say.
Gov. Murphy signs new foreclosure protection program into law
The new law will give New Jerseyans facing foreclosure the right of first refusal to reclaim their homes at sheriffs sales.