Senate bill would increase investment in affordable housing
Due to success stories like these and so many others, competition for LIHTCs is intense. Two out of every three proposals are rejected each year, largely because of the limited resources available. But a bipartisan bill has a chance to further the program’s impact. Introduced by Sens. Maria Cantwell (D., Wash.) and Orrin Hatch (R., Utah), the Affordable Housing Credit Improvement Act of 2017 would double the amount of credits made available each year.
New Jersey’s only municipality to receive its affordable-housing obligation from a judge’s order is continuing to appeal that number, even as construction is underway on the first new developments since the Supreme Court got back in the middle of the Mount Laurel housing controversy. The township is claiming the Superior Court judge was compromised by a relationship with the developer.