Princeton forum scheduled on affordable housing

   Princeton Community Housing will present a program on the impact of the new Council on Affordable Housing regulations in Princeton.
   The presentation will be 6:45 to 9 p.m. Wednesday, April 13, in the Community Room at the Princeton Public Library.
   The program is free and open to the public.
   While all municipalities must meet a quota of low- and moderate-income housing — a quota established by the state — COAH’s third-round, fair-share plan changes the formula municipalities use to determine how many affordable-housing units they must provide.
   The new formula includes a "growth share" strategy that ties new housing to the number of new jobs created in a municipality. The approved plan means municipalities must provide one affordable unit for every eight units of market-rate housing constructed and one unit for every 25 jobs created by new nonresidential development.
   A formula is used to determine the number of jobs created by nonresidential construction. For example, every 8,333 square feet of office, library or lecture-hall space represents three new jobs under the proposed formula.
   Under the former COAH rules, municipalities had to provide their fair share of affordable housing based on factors such as available undeveloped land.
   Call (609) 924-3822, ext.10, for further information.