Norris McLaughlin & Marcus, P.A.

Blogs > NJ Real Estate Dispute

developers

Jun 03, 2011

Brownfields Fund Is Shut Down

The State announced Thursday, June 2, 2011, that the Hazardous Discharge Site Remediation Fund (HDSRF), which helps developers and communities clean up brownfields sites, has run out of funds and is being shut down.  Although the HDSRF is supposed to receive constitutionally dedicated funding via the corporate business tax, the Christie Administration proposes to divert any new monies generated by that tax to balance next year’s budget. » Read More

Jul 02, 2010

COAH Reform at Impasse, Commercial Real Estate Development Fee Moratorium Expired

Commercial real estate developers again have to pay a 2.5 percent Council on Affordable Housing (COAH) fee as of July 1, 2010, because the Assembly and the Christie administration are at an impasse over COAH reform legislation.  A last-minute bill (A-3055) that would have extended the fee moratorium until October 30, 2010, passed overwhelmingly in the Assembly, but was stopped in its tracks in the Senate when the Governor warned the Senate of an outright veto. » Read More

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