With 2015’s State Supreme Court ruling to convey enforcement of the State’s fair share laws to trial judges, affordable housing in New Jersey was released a 15-year log jam. Since then, almost 250 towns in the State have reached settlement agreements and are beginning to implement their affordable housing plans. Each of these agreements include tend to include a variety of projects and mechanisms for towns to meet their obligation. It’s now up to the towns to produce creditworthy affordable housing units to satisfy these agreements.

Leckington Advisors specializes in working with towns to develop affordable housing projects that comply with their settlement agreements.We can serve a wide variety of roles both large and small:

With 2015’s State Supreme Court ruling to convey enforcement of the State’s fair share laws to trial judges, affordable housing in New Jersey was released a 15-year log jam. Since then, almost 250 towns in the State have reached settlement agreements and are beginning to implement their affordable housing plans. Each of these agreements include tend to include a variety of projects and mechanisms for towns to meet their obligation. It’s now up to the towns to produce creditworthy affordable housing units to satisfy these agreements.

Leckington Advisors specializes in working with towns to develop affordable housing projects that comply with their settlement agreements.We can serve a wide variety of roles both large and small:

  • Serving as Administrative Agent where we accept the day to day burden of administering the existing portfolio of affordable housing as well as help new projects navigate the variety of rules and regulations to become compliant.
  • Design of new programs to address specific needs within an affordable housing plan. We help you develop a turn-key affordable housing program to address a need identified by your Court Master. We have developed policies and procedures manuals for virtually very way that affordable housing can be created. Our programs can be designed to be administered by existing municipal staff or be handed off to a local nonprofit or consultant.
  • Administration and implementation of affordable housing programs. We can supplement gaps in available resources in your local program or run it entirely.