No more RCAs for New Jersey

The New Jersey State Senate just passed Bill A500 that abolishes the use of Regional Contribution Agreements (RCAs) regarding a municipality’s Council on Affordable Housing (COAH) obligation.

The bill passed the Senate with a vote of 21 Yea, 16 Nay. It now ventures to Gov. Jon Corzine’s desk. Hallway whispers speak of the Governor already agreeing to sign the bill, were it to reach his desk.

Time for Corzine to made good on his word.

The video below was taken during the bill’s voting session in Trenton. Check back shortly for more coverage of the bill’s passage.

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Filed under Bill A500, COAH, New Jersey, RCAs, State Senate

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