WASHINGTON, D.C. – September 27, 2013 – (RealEstateRama) — Assembly Republican Whip Scott Rumana, R-Passaic, Bergen, Essex and Morris, issued the statement below regarding today’s state Supreme Court 3-2 ruling upholding an appellate decision in 2010 that struck down the “growth share” affordable housing formula. The court concurred with the lower court finding that the growth share approach “permit(s) municipalities with substantial amounts of vacant developable land and access to job opportunities in nearby municipalities to adopt master plans and zoning ordinances that allow for little growth, and thereby a small fair share obligation.”
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