RARITAN TWP, NJ - Raritan Township finalized its affordable housing plan, approving changes aimed to provide better access to a proposed community off Walter Foran Boulevard, also known as Junction Road.
The Township Committee unanimously agreed to endorse the amendment, the last step it needs to take to meet its Affordable Housing obligations reached as part of a January court settlement with Fair Share Housing.
Over the summer, the township rezoned a nearly 9-acre tract to allow for 100 affordable housing units, a mix of two and three-story townhouses and multifamily rental units. It has an agreement with Junction Road Urban Renewal Associates LLC, of Collingswood, to build the homes.
The next step is for the developer to present site plans to the planning board for approval.
In addition, the township committee approved nearly $16,000 in down payment grants for two new homeowners off Altra Road. It also agreed to sell two affordable housing units in Village Commons.
Affordable housing units are available to eligible residents based on income, which can range from $22,941 for a one-person household up to $87,393 for a family of four for renters. Income thresholds are higher for those looking to purchase a home.
Rents and sale prices are established under the terms of the court settlement and can only be raised by a certain amount each year, aiming to keep the units affordable.
Information and applications for applying to live in one of the units is available on the township’s website.
Raritan Township has roughly 10 communities that offer such units, include the Willows at Flemington Junction on Justin Court, just north of the proposed Junction Road development.
After approving the Junction Road redevelopment plan in July, the township sent it to county planners for approval. The county asked for a different access route from Walter Foran/Junction Road.
The township complied by adding an additional lot to the redevelopment area.
Currently, the site is home to a chicken farm, landscape business and four homes.
This development has put the township in complete compliance with its court settlement, said a township official.