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Middletown Ordered to Repay Affordable Housing Trust Fund
By jcaliendoPress Release
July 28, 2008
For Immediate Publication
Middletown Ordered to Repay Affordable Housing Trust Fund
Middletown Township (Monmouth County, NJ): Today Matthew Morehead, Chairman of the Monmouth County Bayshore Young Democrats, announced that in the findings by The Council on Affordable Housing (COAH) of Middletown's fair share plan that the town was ordered to repay the Development Fee Ordinance in the amount of $82,687.85. This fund was intended to help lessen the burden on residents.
According to Mr. Morehead, the township's past performance has not only placed Middletown on the short list to noncompliance, it has also not provided the housing that is needed, has not funded their obligation in a timely manner, and has spent money intended for the housing on lawyers and administration.
"This is just more evidence that shows the township has mishandled their obligation when it comes to COAH," Morehead stated. "This only places more of a burden on the residents of Middletown."
Morehead went on to say that the fund would have to be repaid with tax revenue. "Through the township's mismanagement, they have only continued to place a greater cost on the residents."
"Until the township realizes it has to act within the law, the cost will only continue to grow for the residents of Middletown," Morehead concluded.
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