NJ Bill Paves An Aggressive Affordable-Housing Path

Day Pitney Real Estate, Environmental and Land Use practice co-chair Craig Gianetti was featured in Law360 article "NJ Bill Paves An Aggressive Affordable-Housing Path." Gianetti noted that the legislation removed a bonus that had incentivized constructing rental housing, previously the most-used bonus. He added that the law introduces new bonuses, indicating State priorities, "Special-needs housing gets a bonus credit, age-restricted housing…gets a bonus credit…developing affordable housing on sites that were previously used for office, commercial or retail, you get a bonus credit for that."

Read the full article here.