New Jersey Plans 40K Homes on State Land

A state plan raised the target for homes on state-owned land from 20K to 40K, pairing higher production goals with faster approvals.
State officials said New Jersey needs 350K more homes to keep pace with growth, improve affordability, and stay competitive in attracting residents and investment.
The plan added a permitting shot clock, launched a tax credit auction for affordable housing, and emphasized clearer timelines for builders and communities.
Officials highlighted work underway: transit-focused projects, a dashboard tracking six projects with >3.7K potential homes, more town assistance, and full funding for homeless veterans.
Next steps focused on homes near transit, jobs, and schools, with redevelopment of underused state property, vacant offices, and strip malls while preserving affordable homes.