The New Jersey Housing and Mortgage Finance Agency (HMFA) has proposed new Housing Affordability Control Rules that could significantly impact community associations across the state. These proposed changes would cap fees on affordable units, restrict the use of special assessments, and require associations to calculate affordability caps for individual owners, among other burdensome requirements. The rules also mandate square footage based assessments and allow municipalities to extend affordability controls without association consent, potentially increasing financial strain on market-rate owners for decades to come.

This webinar will provide an overview of the proposed rules, outline their potential impact on your association’s operations and finances, and explain how you can submit comments to HMFA before the September 19th deadline. Join us to learn what these changes mean for your community and how to ensure your association’s voice is heard.

Speakers Include: Martin Cabalar, Esq., Becker; Matthew Earle, Esq., Kates, Nussman, Ellis, Farhi & Earle LLP.; Steven Mlenak, Esq., Greenbaum, Rowe, Smith & Davis LLP; Ed San George, PCAM, INTEGRA Management Corp., AAMC