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Affordable Housing Trust Fund Spending Plan

BID #: N/A
ISSUED: 7/9/2020
DUE: 12/31/2025
VALUE: $2,568,108.13
100
Rating

Risk Rank

Green Risk

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Executive Summary

The City of Union City has prepared and amended an Affordable Housing Trust Fund Spending Plan to address its regional fair share of affordable housing needs, consistent with the Municipal Land Use Law and the Fair Housing Act. The plan outlines the collection, maintenance, and expenditure of development fees dedicated to affordable housing. The city projects total trust fund revenues and interest of $2,568,108.13 through December 31, 2025. Key initiatives include rehabilitation programs for veterans housing and general housing, new construction projects like Blue Chapel, and affordability assistance programs. Funds are also allocated for administrative expenses, ensuring compliance with regulations and effective program implementation.

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 2, 2026

Last Info Update

Apr 2, 2026

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Affordable Housing Trust Fund Spending Plan — Union (Hunterdon) | MuniBidder