|January 3, 2008
I. Asset Monetization
II. Smart Future Funding
III. Transportation Aid
IV. COAH Numbers
Several recent Executive Branch actions and announcements merit your attention.
I. TOWN MEETINGS ON ASSET MONETIZATION
As promised, Governor Corzine will hold Town Meetings in one municipality in each of New Jersey’s 21 counties to explain and discuss what is now referred to as the “Financial Restructuring and Debt Reduction” proposal.
We urge you to visit http://www.nj.gov/townhallmeetings/ on the Governor’s website, where you can access the Town Hall meeting schedule, an on-line registration form for the meetings and additional information on this.
II. SMART FUTURE FUNDING UPDATE
Yesterday, we notified your municipal clerk that the DCA required an elected official, as well as the individual administering or overseeing the smart growth grant(s) to attend a scheduled meeting if they are intending to apply for a grant. However, due to recent developments, the DCA will not require an elected official to attend the informational or technical meetings. In lieu, a municipality can send a duly authorized representative, preferably a municipal employee, for a specifically identified grant request.
For more information on Smart Growth grants, visit http://www.nj.gov/dca/osg/.
III. DOT GRANTS
Department of Transportation (NJDOT) Commissioner Kris Kolluri announced that 438 municipalities will share $78.75 million for local road repair, maintenance and safety projects. The funding represents the Municipal Aid portion of the Transportation Trust Fund and is annually awarded pursuant to an application process.
For more information on this and to access the list of this year’s recipients, visit http://www.state.nj.us/transportation/about/press/2007/122707.shtm.
IV. COAH NUMBERS
As referenced in our December 18 Dear Mayor letter, the Council on Affordable Housing (COAH) recently approved for publication new “third round” regulations. As mentioned in that letter, the actual housing and employment growth projections put forth by the agency were not available at that time, but were posted online yesterday and can be viewed and downloaded at http://www.state.nj.us/dca/coah/dec07proposal/task1b.pdf
We recommend analyzing this information on behalf of your municipality and calculating the projected housing obligation for your community. The League has begun a statewide analysis of the data as well. Please keep in mind that your actual obligation is based on growth from 2004—2018. These projections are a planning tool.
The link above takes you to a 67-page report. Appendix A, which provides the residential projected growth, begins on page 24 of the report. To calculate your municipality’s projected residential obligation, look for the column titled, “Net Changes, 2004-20018” and then subtract out any affordable housing units built since 2004. (The units built since 2004 are not in the report, so you will have to obtain that figure internally.) Then divide that number by four (4). This is your municipality’s projected residential obligation.
Appendix B, which provides the commercial obligation, begins on page 45. To calculate your municipality’s commercial obligation, look for the column titled, “Net Changes 2004-2018” and divide it by sixteen (16). This is your municipality’s projected commercial obligation.
For your total projected obligation, add your projected residential obligation and projected commercial obligation. The regulations will appear in the January 22 New Jersey Register, which commences a 60-day comment period.
Also today, the Appellate Division heard oral arguments for a motion brought forth by the Fair Share Housing Center, which called for the Court to appoint a Special Master to take over COAH’s rulemaking authority and promulgate regulations. It is not known when the Court will render a decision, but we will advise accordingly.
Questions can be directed to Mike Cerra at email@example.com or at 609-695-3481 x120.
Very truly yours,
William G. Dressel, Jr.