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What's wrong with this picture?

There's an old saying that if it sounds to good to be true, it probably is. Our response to the Wayne Master Plan Revision.

 

Adult only housing can no longer be legally assured once approval for the project is given

There is no assurance that age restricted housing will be built, even after it is approved as such, and if built no assurance it will stay as age restricted housing.

The New Jersey Superior Court has ruled that a development can be changed from Adult only to another use, effectively making prearranged agreements, such as the ones for the Wayne developments, unenforceable. (http://www.nj.com/mercer/index.ssf/2011/12/robbinsville_
planning_board_ou.html
).
In addition the New Jersey State Legislature passed the “Age Restricted Conversion Bill” (http://law.njstatelib.org/law_files/njlh/lh2009/L2009c82.pdf ) in an “attempt to reduce the existing overstock of age-restricted housing and increase the potential stock of affordably priced workforce housing. The conversion bill creates a mechanism for developers of approved age-restricted projects to convert these projects into developments with no age restriction. In exchange for the conversion, the bill requires the developer to set aside 20 percent of the units in the converted development as affordable housing units.” (New Jersey Law Journal VOL. CXCIX – NO. 12 - INDEX 796 3/22/10)   Although this legislation confines conversion to those age-restricted projects that have been approved prior to the adoption of the Conversion Act, the reason for the legislation is telling: “There’s less than a years supply of housing available in New Jersey for all ages of buyers, based on current demand. But the amount of age-restricted housing, including resale, that is built, under construction, or approved could be as high as 15 years’ worth. And demographic shifts in the state indicate that demand for this kind of housing is likely to diminish further.” (John Caulfield BUILDER)
Only 18% of New Jersey’s population is 55 or older. And, a growing number of them have been among the 49,000 people who have been leaving New Jersey annually since 2002, often because it’s too expensive to live in the state on a fixed income. “This raises an issue of sustainability” about age-restrictive projects… for municipalities where there aren’t enough Generation X buyers filling the gap, where households are being formed with fewer people, and where more immigrants with larger families are moving in. “Active adult housing is just less attractive.”  (John Caulfield BUILDER)
Another effect is that every time that a senior citizen within Wayne is encouraged to move from their house to an apartment or condo that house goes on the market and in all probability will be occupied by a family with children meaning that the net effect is to increase the number of students in the Wayne school system more quickly.

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