The Central Jersey Housing Resource Center honored New Jersey Future with its Outstanding Achievement in Affordable Housing Award.
Transit Oriented Development
A new bill streamlines New Jersey’s portfolio of economic incentives, but unless it is amended it will go too far toward subsidizing sprawl development.
A new Rutgers report highlights the coming problem of aging and abandoned suburban office parks. Those facilities that cannot be repurposed to meet the market demand for mixed-use, transit-accessible employment centers should not be the recipients of state job-creation incentives.
The Federal Transit Administration’s awarding of a $400,000 grant to examine the possibility of building a new light-rail station in Jersey City demonstrates tangible commitment to advancing economic development through transit-oriented development.
A new newsletter from the Land Use Law Center at PACE University, focused on transit-oriented development issues.
During National Walk and Bike to School month, we look at some compelling reasons to make it easier for schoolchildren to walk or bike to school – most notably increased physical activity and reduced traffic. The new federal transportation legislation includes funding for cycling and walking programs and infrastructure, but also enough flexibility that those funds might get diverted for other uses. We urge the New Jersey state DOT to keep bicycle and pedestrian funding, and we encourage the development of more communities where housing and schools are within walking distance of each other.
The transit station inventory provides policy makers, municipal officials and development professionals with a systematic way to identify the highest-potential opportunities for various kinds of development around transit stations.
Dunellen and East Orange can each use the Transit Village designation in a way that best serves residents – to increase residential growth (and, presumably, residential values) near a station that should be starting to see higher ridership rates, or to expand employment opportunities and building its commercial tax base.
The Urban Transit Hub Tax Credit has proven to be a popular incentive to concentrate jobs and housing around transit hubs. It is approaching its funding cap, which provides a good opportunity to take stock and perhaps adjust. But it also raises important questions about how the state wants to apportion its economic development incentives going forward.
Traffic congestion and per-capita GDP both rise in desirable urban areas. Smart-growth development policies could enhance productivity further by helping to reduce congestion.