NorthJersey.com
Under the bill, age-restricted communities that have been approved but do not yet have any buyers could seek to have it opened to all ages, if they agree to set aside 20% of the units as affordable and if local planning boards approve.
The bill aims to address what may claim is an overbuilt active adult market. To read the entire NorthJersey.com article, click here.
GlobeSt.com will continue to update this story as more information comes in.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
