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East HanoverGreen Risk
Closed
General

2025 Housing Element & Fair Share Plan

BID #: EHT-017A
DUE: 3/2/2026
VALUE: TBD
100
Rating

Risk Rank

Green Risk

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Executive Summary

The Township of East Hanover has prepared an amended Housing Element and Fair Share Plan (HEFSP) for the period between 2025 and 2035, aiming to voluntarily comply with its constitutional obligation to provide a realistic opportunity for affordable housing. This HEFSP utilizes Prior Round Rules, Third Round Rules (as applicable), and amendments implemented in P.L. 2024, c.2. The Township's affordable housing obligation is divided into four parts: Rehabilitation Obligation, Prior First and Second Round Obligations, Third Round Obligation, and Fourth Round Obligation. The plan addresses the Township's capacity to accommodate its housing needs, considering appropriate lands for construction, potential conversion or rehabilitation of existing structures, utility capacity, and developers who have expressed a commitment to providing affordable housing. The document includes analysis of existing credits, mechanisms, and an implementation schedule. The Land Use Planning Board adopted the 2025 Housing Element & Fair Share Plan on February 24, 2026, and the Township Council endorsed the HEFSP on March 2, 2026.

Detailed Risk Breakdown

local preference

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performance bond

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liquidated damages

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Timeline

First Discovered

Apr 1, 2026

Last Info Update

Apr 1, 2026

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2025 Housing Element & Fair Share Plan — East Hanover | MuniBidder