Housing and Community | New Jersey Future Redevelopment Forum

Making the Affordable Housing Numbers Work(able)

Freedom Village, on the site of the former Apollo Dye factory in Paterson, provides housing for low-income seniors. Photo courtesy of Pennrose Properties.

“It’s the best of times; it’s the worst of times” is how moderator Tony Marchetta from the New Jersey Housing and Mortgage Finance Agency kicked off the affordable housing session at this year’s Redevelopment Forum.

It’s the best of times, he said, because courts are now starting to get specific about municipal obligations, and, at the federal level, there is a push to expand the Low Income Housing Tax Credit by 50 percent.