At 7pm on Tuesday, April 24th, Assemblywoman Holly Schepisi will speak at a town hall meeting to discuss New Jersey's affordable housing crisis. The event is being held at the West Windsor Municipal Building (Room A), 271 Clarksville Road, West Windsor, NJ 08550.
The meeting is being sponsored by the West Windsor Republicans, the Princeton Republican Committee, the Hopewell Valley Republican Association, and the republican Women of Mercer County. The event is free and open to the public. Light refreshments will be available.
New Jersey's lack of affordable rentals and housing is not due to a lack of housing stock. Rather, it stems from residents paying property taxes that are often as much as their mortgage payments. The latest onerous court mandates are not the right solution. They will only drive our property taxes higher.
Since the 1970's, state courts have mandated that municipalities build low-income housing in New Jersey. Despite constructing 92,000 units over the last three decades, a recent decision by the New Jersey Supreme Court is mandating more than 201,000 additional units. This far-reaching decision could increase required COAH units by up to 142 percent.
What is worse is that under the builders' remedy, more than a million new dwelling units could be built, making way for a 30 percent population increase. Even while our State has experienced significant out-migration, our communities are being forced to approve new units rather than remediating existing housing stock where it is needed most to help restore those communities.
If population booms at the rate contemplated by the courts, education costs would increase by over $11.75 billion alone. The communities that are targeted for these massive population increases receive very little funding from the State for educational purposes.
Who is to PAY for the $11.75 billion in increased educational costs? YOU, the New Jersey taxpayer, will foot the bill.