Morris County NJ Affordable House Requirement Going Through Roof.

If the new rules proposed by the state council on affordable housing go into affect Morris County may need to add 6,500 Affordable Housing Units. 

The new proposed rules would lower the number of market-rate homes that could be built for every affordable housing unit from 9 market rate homes per 1 affordable housing unit to just 5 market rate homes.  The rules also would require a municipality to build an affordable housing unit for every 16 jobs that are created down from every 25 new jobs added to a community.

What does this all mean for Morris County and for New Jersey as a whole?  It means, higher taxes, fewer jobs, companies looking to leave New Jersey. 

There has to be a better way.

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