Sunday, April 20, 2014
Inquirer Daily News

COAH Resolves to Take Unspent Affordable-Housing Funds from Municipalities

Defying several attempts at killing it off, the New Jersey Council on Affordable Housing met for the first time in more than two years on Wednesday to begin the process of taking at least $142 million in funds dedicated to low- and moderate-income housing to help balance the state budget.

COAH Resolves to Take Unspent Affordable-Housing Funds from Municipalities

Defying several attempts at killing it off, the New Jersey Council on Affordable Housing met for the first time in more than two years on Wednesday to begin the process of taking at least $142 million in funds dedicated to low- and moderate-income housing to help balance the state budget.

COAH, which has few friends in the Legislature, was reorganized out of existence in 2011 by Gov. Chris Christie.

The council voted 4-1 to ask municipalities to send proof of their plans to spend any money that had been dormant in their affordable housing trust funds for four years as of July 17, 2012 and transfer the remaining, unspent money to the council by May 22, according to the resolution.

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