New Jersey municipalities are increasingly using Payment in Lieu of Taxes (PILOT) agreements to attract affordable housing and redevelopment projects. While PILOTs can spur growth and generate revenue, concerns persist over funding impacts and the need for stronger oversight.
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Affordable Housing + TOD: Obligations and Opportunities, a TOD in Your Downtown event held on February 7, 2025, and hosted by NJTOD, Downtown New Jersey, and NJ TRANSIT’s Transit Friendly Planning (TFP) Program, convened experts from public agencies, nonprofit organizations, and the private sector to discuss affordable housing, equitable transit-oriented development, and the fourth round of the Mount Laurel Doctrine.
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The HELIX project positions New Brunswick as a center for health and life sciences innovation while demonstrating the potential of transit-oriented development. Yet, addressing housing affordability is vital to ensure all residents benefit from the city’s progress.
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Governor Murphy’s Administration recently announced $2.6 million in FY2025 Transit Village grant funding that will be awarded to eight New Jersey municipalities for quality of life and infrastructural improvements around transit facilities.
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New calculations mandate over 146,000 units of affordable housing. TOD incentives in the law reduce obligations and ease infrastructure strain.
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Earlier this year, the legislature adopted a series of bills targeted at increasing housing affordability. The main bill, A4/S50, intends to streamline the process for the 4th round of municipal affordable housing obligations.
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The New Jersey TOD Symposium: Cultivating Community, Commerce, and Transit Oriented Development offered a day of collaboration and innovation focused on transit friendly planning and transit oriented development.
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The NJ TRANSIT Transit Friendly Planning Program begins Dunellen active transportation planning study, engaging with the community at rail station, Music in the Park event
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As 126 new apartments come to Netcong, there is rekindled interest in a nearly 20-year-old plan to restore the Borough to its historic transit-oriented roots. Could the Borough serve as a model for other rural rail-towns?
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Designated as a NJ Transit Village in 1999 for the area around its rail station, South Amboy now plans its transit friendly future around both its rail and ferry connections and displays an openness to change and collaboration that can help the small city move forward with its redevelopment plans.
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