Woodbridge May Buy and Resell Foreclosed Homes for Low Cost Housing
The Town Council gave more details on their plans to come up with hundreds of housing units to fulfill COAH requirements.
The Woodbridge Planning Board will be considering several amendments Wednesday night to municipal land use laws that would enable the township to start developing more than 900 housing units and finally comply with the NJ Council on Affordable Housing (COAH) requirements. But Tuesday night, the Township Council went into some detail at their meeting about one aspect of the town's plan to meet COAH requirements: a program to snap up foreclosed properties and redevelop them into 300 units of low cost housing. "It's a great program. It's several wins across the board," said Business Administrator Robert Landolfi. The program, to be done in conjunction with the NJ Department of Community Affairs (DCA), would have the town purchase …
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