I Just Got the Affordable Housing Bomb Dropped on Me – Where Do I Start?
Affordable Housing obligations keep many New Jersey Mayors and City Administrators awake at night. Even if you have been through the process before, receiving an order from your Superior Court Judge to build several affordable housing units on a strict deadline sparks pressure, anxiety, and even downright fear.
Take a Deep Breath
can take the necessary steps to develop an administrative strategy.
Placing an affordable housing applicant isn’t as simple as checking Item 11 on their 1040; assets, additional income sources and many other factors must also be considered. We have to cross-check every application several times and certify the approved applicants as income qualified.
Another key consideration with affordable housing programs is bedroom distribution. Allowing a 5-person family to be placed into a 2-bedroom unit can compromise a program to housing advocates and/or the state government.