* Abolish RCAs: End the reprehensible practice of allowing municipalities to duck their affordable housing responsibilities, but give urban communities new funding so they don’t have to rely on RCAs.
* 20-percent set aside for state projects: Establish a 20-percent affordable housing set aside for all state-assisted development projects — such Smart Growth Areas and Transit villages; state needs to lead by example.
* New Housing Trust Fund: Create a reconstituted state affordable housing umbrella fund with an expanded pool of revenue sources.
* Tax Credits: Make federal Low Income Tax Credits available to private developers; New York, North Carolina, Ohio, Washington, and California already do this.
* Increasing Access: Expand middle-income eligibility for affordable housing units and promote production of housing units for families earning less than 30 percent of the state’s median income.
* Utilizing school funding: Use school funding formula to award towns that provide affordable housing to low- and moderate-income students.
* No eminent domain erosion: Prevent eminent domain from reducing existing pool of affordable housing units in New Jersey.
* Use it or lose it: Support DCA’s idea of preventing towns from stockpiling — and never using — local trust funds meant for construction of affordable housing.
* Reward balanced housing: Mandate municipalities provide density bonuses to developers constructing inclusionary developments.
* Create fair-share bonus: Require the Council on Affordable Housing to account for existing affordable-housing units when allocating town’s fair share; state regulations need to take into accounts towns that are doing the right thing.
* Long-term planning: Create a task force specifically assigned to mapping out a “comprehensive housing plan.”
* Greater transparency: Do a better job of tracking progress on affordable housing through regular publication of statistical reports.
According to the official press release “the policy alternatives were identified after a review of housing policies in other states, discussions with other legislators and input from the following stakeholders: