The Department of Community Affairs (DCA) has posted the non-binding calculations of municipalities’ present and prospective need for affordable housing using the required methods under the new law (P.L.2024, C.2).
The DCA was required under the recently updated law to perform and publish non-binding calculations of each municipality’s present and prospective need for affordable housing by October 20. The DCA’s website provides a link to an Excel spreadsheet that provides a listing of each municipality’s calculated present and prospective needs along with other data. Also available on the DCA website is a link to a Methodology and Background document that explains how these calculations were determined.
The statewide total present need according to DCA’s calculations is 65,410, with an average of 116 per municipality. The DCA calculates the statewide prospective need to be 84,698 with an average of 150 per municipality. With adjustments made for the 1,000/20% prospective need obligation cap DCA calculates the statewide total is 80,798 with an average of 143 per municipality.
The League is reviewing the DCA’s calculations along with their methodology and background report and will have more information available soon.
Our members are reminded that the DCA calculations are non-binding. Each municipality is required to adopt its own obligations through binding resolution by January 31, 2025.
Contact: Frank Marshall, Esq., Associate General Counsel, fmarshall@njlm.org, 609-695-3481, x137.