Post by fiberisgoodforyou on Jul 23, 2007 16:46:08 GMT -5
Panter Hosts Forum on Regional Contribution Agreement (RCA)
Assemblyman Mike Panter will host a meeting, in coordination with the Freehold Township Committee, to discuss the potential elimination of Regional Contribution Agreements (RCA's) as a method of satisfying a municipality's affordable housing obligation under state law. RCAs are legal agreements that allows a town to pay another community to assume its affordable housing.
Legislation has been introduced at the state level which would eliminate affordable housing RCA's between municipalities. In place of RCA's, A- 3857 would transfer money from the Neighborhood Preservation Non-lapsing Revolving Fund in an amount of not less than $15,000,000 per year into a Housing Rehabilitation Assistance Fund.
"Before this proposal begins to move through the legislative process, I would like to hear the views of elected officials from the municipalities that I represent," Panter said, calling the issue very important.
The meeting will take place on Wednesday, July 26 at 7PM and will be held at the Freehold Township Municipal Building, located at 1 Municipal Plaza, Room 114.
Assemblyman Mike Panter will host a meeting, in coordination with the Freehold Township Committee, to discuss the potential elimination of Regional Contribution Agreements (RCA's) as a method of satisfying a municipality's affordable housing obligation under state law. RCAs are legal agreements that allows a town to pay another community to assume its affordable housing.
Legislation has been introduced at the state level which would eliminate affordable housing RCA's between municipalities. In place of RCA's, A- 3857 would transfer money from the Neighborhood Preservation Non-lapsing Revolving Fund in an amount of not less than $15,000,000 per year into a Housing Rehabilitation Assistance Fund.
"Before this proposal begins to move through the legislative process, I would like to hear the views of elected officials from the municipalities that I represent," Panter said, calling the issue very important.
The meeting will take place on Wednesday, July 26 at 7PM and will be held at the Freehold Township Municipal Building, located at 1 Municipal Plaza, Room 114.