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Town lawyer expected to release memo defending removal of municipal-wide 20 percent affordable housing set-aside in Princeton ordinance - Vimarsana News

Town lawyer expected to release memo defending removal of municipal-wide 20 percent affordable housing set-aside in Princeton ordinance

A rendering of a new apartment development that will be built in the parking lot next to Mistral in the heart of Princeton. The development is not required to include any new affordable units under the town’s new affordable housing ordinance. The lawyer who drafted Princeton’s affordable housing settlement and affordable housing ordinance is expected to release a memo outlining why the former borough’s 20 percent set aside for affordable housing now only applies to properties with five or more units that are rezoned or are located in redevelopment zones. The Princeton Council passed an...

Letters: Former Princeton Council member ponders how affordable housing loophole was included in town's new ordinance - Vimarsana News

Letters: Former Princeton Council member ponders how affordable housing loophole was included in town's new ordinance

To the Editor: As a former member of the Princeton Council, I voted for the December of 2019 affordable housing settlement agreement in which the former Princeton Borough’s 20% set-aside requirement for as-of-right multifamily development was eliminated in favor of set asides only for projects that require some kind of zoning relief, such as a variance. I want to apologize for my mistake. I only skimmed the document and did not realize the loophole was added to weaken the requirement. There is no excuse for my carelessness. My theory for how the language ended up in the document is that the...

Princeton settlement removed 20% affordable housing set-aside requirement for developments that conform to zoning - Vimarsana News

Princeton settlement removed 20% affordable housing set-aside requirement for developments that conform to zoning

A rendering of the new building that will be built on the Griggs Corner parking lo in Princeton across from the library. The project will include shops and eight apartments. None of the units will be affordable housing units. A former Princeton Borough requirement that all new housing projects include a set aside of 20 percent of the units for affordable housing was inadvertently left out of an agreement that settled a five-year lawsuit between the municipality and the non-profit advocacy group Fair Share Housing. In 2015, the municipality joined with some other municipalities in the county ...