06.21.24
DCA to Publish Guidance on New Affordable Housing Obligations
The Department of Community Affairs (DCA) is anticipated to publish guidance on new affordable housing obligations on October 20, 2024 (or within seven months of the effective date of the bill, whichever comes earlier.)
While the bill creates a path for municipalities to deviate from the DCA guidance, planning ahead is key. The timeline above provides an overview of what to expect. Remember: while these dates are fast approaching, there’s still time to prepare.
If you have questions about this new legislation or need assistance developing a strategy to meet your municipality's anticipated affordable housing requirements, please reach out to MS&B for guidance.