HCV (Op-Ed): Jersey City has left over a $100M for affordable housing on the table
“Based on conservative estimates, this study revealed that over the past five years (2018-2022), Jersey City has failed to collect nearly $100 million dollars in residential fees – $115,007,304.
That is nearly one-seventh of the total city budget that could be going towards housing justice measures.
In order to claim these residential fees, the city can pass local Ordinance 23-029 stating its intention to collect development impact fees, and then file a spending plan with the Superior Court detailing its intention to use the funds for affordable housing.”
