‘Historic Milestone’ as NJ Towns Submit Affordable Housing Plans

All 564 New Jersey municipalities this week faced a deadline to comply with the state’s affordable housing law. That means they had to adopt ordinances stating how they’ll plan for such residences over the next decade. It’s been a contentious journey. Several towns are still not on board, even as housing advocates say the state needs more than 200,000 new units to help address the affordability crisis. In February, the median home sale price hit $540,000, or 3.8% higher than a year before, according to Redfin.com.