Possibility of school-age children (gasp!) threatens housing bill
By: Henry T. Chou, Esq.
Over a month ago, both Houses of the New Jersey Legislature passed a bill (A3772/S2577) that would allow certain approvals for age-restricted (55+) developments to be converted to approvals for non-age restricted developments, provided the builder meets certain conditions and agrees to provide a percentage of affordable housing as part of the development.
Upon the bill’s passage, a wave of municipalites and their lobby organization, the New Jersey State League of Municipalities, mobilized to prevent Governor Corzine from signing it. Of course, it was to be expected that any bill that might increase the number of, gasp, schoolchildren - mortal enemy #1 of municipalities - would generate so much passion and opposition to a measure aimed at stimulating the depressed development industry.
It appears that the municipalities’ efforts may be successful, as the bill continues to sit on Governor Corzine’s desk. Indications are that the governor may issue a conditional veto that would emasculate the bill and render it useless to developers.
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