ROI-NJ: 2021 Real Estate Predictions from Service Providers
Thomas J. Trautner was featured in an ROI-NJ article asking commercial real estate influencers across the state to share their predictions for the sector over the coming year. In response, he draws from his practice helping clients navigate the uncertainty of the affordable housing landscape and his role as Co-Chair of the Urban Land Institute Northern New Jersey, stating:
“I think 2021 will see inclusionary development projects throughout New Jersey continue to secure entitlement approvals and commence construction to bring much needed affordable housing online. However, we will also see increased scrutiny of proposed projects that formed the basis for court-approved municipal affordable housing plans, but which may no longer be viable. This increased scrutiny will result in both opportunities and challenges for developers, municipalities, housing advocates and (in some instances) the courts — all of whom struggle to balance the need for affordable housing, the goal of sound planning and the familiar politics surrounding the Mount Laurel Doctrine.”
To read the full article, please visit ROI-NJ’s website.