Franklin Lakes Eyes Special Needs Housing with Purchase of 14 Acres
The $2 million purchase of the 14-acre tract on Colonial and McCoy prevents state from seizing unspent affordable housing funds.
Prompted by a need to set an affordable housing plan in motion or potentially face losing $2 million to the state, the Borough of Franklin Lakes this week agreed to purchase 14 acres of land owned by Temple Emanuel. With it, the borough expects to fill the site with special needs housing. "This really is a win-win for the residents of Franklin Lakes," said Council President Charles Kahwaty, noting that the agreement demonstrates a conserted effort to meet the COAH obligations but also to fill a needed housing void in the community. Facing a large revenue shortage and questions in its own budget, the state has threatened to claim funding set aside for affordable housing in municipalities across the state. Like other municipalities, …
In this Article:
Kymm Zak
8:55 am on Monday, July 16, 2012
There is a huge need for special needs housing in the State of New Jersey! The leaders of Franklin Lakes should be applauded for their vision and compassion towards those who need it most. United Way of Bergen County has partnered with communitites to complete successful housing projects elsewhere in the county. more ›