Here is a roundup of the latest leases, sales and other transactions in the Northeast middle markets.
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TRENTON, NJ—Affordable housing advocates hailed a New Jersey Supreme Court decision regarding community obligations as a victory for the inclusion of households of all income levels in our communities. The court ruled that towns were responsible for meeting housing needs which accumulated during the 16-year “gap period” when the state's fair housing laws were not functioning properly. “There is no fair reading of this Court's prior decisions that supports disregarding the constitutional obligation to address pent-up affordable housing need for low- and moderate-income households that formed during the years in which COAH was unable to promulgate valid Third Round rules,” the Court held.
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