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Weinberg Statement on Assembly Housing and Local Government Committee Consideration of S1

Posted by Kevin Walsh on June 15th 2010

Weinberg Statement on Assembly Housing and Local Government Committee Consideration of S1 CONTACT: 201-928-0100 - District Office FOR RELEASE: June 14, 2010

“As one of the 3 ‘no’ votes in the Senate, I urge the Assembly Housing and Local Government Committee to make substantial changes to S1. I am supportive of the efforts to remove red tape and make the process simpler and easier to understand, however, the Committee should make certain that any bill they release would fulfill its mandate to provide affordable housing for New Jersey residents.”

“I am skeptical that the bill in its current form would create any additional affordable housing. Most troubling is the ability of developers to meet the set aside requirements by spending $10,000 per unit to rehabilitate other housing in the municipality. This provision would obviate the need for developers to create new, deed-restricted units, which are the key to affordable housing.”

“I am confident that the Committee will scrutinize S1 and allow for a lengthy and transparent public hearing on the bill.”