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Posts in Real Estate and Land Use.
NJ Department of Community Affairs Issues Land Use Public Meeting Guidance in Response to Executive Orders  

In light of social distancing measures relating to COVID-19, municipalities across New Jersey continue to struggle with hosting public Planning Board and Zoning Board of Adjustment meetings. These types of public meetings are governed by the New Jersey Open Public Meetings Act (NJOPMA ...

UPDATE: COVID-19 Pandemic to Impact New Jersey Foreclosures and Evictions
UPDATE:  In addition to the eviction and foreclosure moratorium executive order, major lending institutions have agreed to implement a 90-day grace period that will allow borrowers to reduce or delay their monthly mortgage payments.  This includes providing a streamlined process for ...
NJ Liquor License Laws Modified in Light of COVID-19

A temporary relaxation of New Jersey’s liquor license laws may offer some of the state’s restaurants a bit of good news while they face restrictions imposed as a result of the novel coronavirus.  As part of the measures taken by Gov. Murphy to prepare for and respond to COVID-19, all ...

Municipalities and Developers May Soon Obtain Relief Under New Jersey's Open Public Meetings Act

In light of recent developments concerning COVID-19, New Jersey municipalities have halted public in-person meetings, including local planning board, zoning board of adjustment, and redevelopment agency hearings. While these drastic measures are necessary to ensure the health and ...

Zoning into New Business Opportunities: IRS Offers New Guidance on Opportunity Zones

On April 17, 2019, the Internal Revenue Service (IRS) released a new set of highly anticipated proposed regulations for Opportunity Zones. The newly released set of proposed regulations provides additional guidance and addresses issues that were brought to the attention of the IRS after ...

IRS Issues Regulations on Opportunity Funds

This afternoon, the Internal Revenue Service issued long-awaited regulations for Investing in Opportunity Funds under Section 1400-Z of the Internal Revenue Code.

In addition, the Internal Revenue Service issued a Revenue Ruling providing guidance for taxpayers participating in ...

Supreme Court Clarifies Applications Protected by the Time of Application Rule

On June 20, 2018, the Supreme Court of New Jersey issued its decision in Dunbar Homes, Inc. v. Zoning Board of Adjustment of the Township of Franklin, addressing whether an incomplete site plan application triggered the Municipal Land Use Law’s (MLUL) Time of Application Rule (TOA). The ...

UPDATED: Opportunity Zones Offer Tax Incentives for Investment in Low-Income Communities

UPDATE to the original post below:

On March 22, 2018, Governor Murphy announced his nominations for the Opportunity Zone program. In total, seventy five municipalities contain nominated tracts. The list is geographically diverse, with at least one municipality from each county in the ...

Municipal Land Use Law Amendments Reform Performance and Maintenance Guarantees

As one of his last acts in office, Governor Chris Christie signed into law Assembly Bill 1425/Senate Bill 3233, which reforms the performance and maintenance guarantee provisions of the Municipal Land Use Law (MLUL). The new law brings significant changes that will affect developers ...

Despite the issuance of preliminary Flood Insurance Rate Maps (FIRMs) a few years ago, the Federal Emergency Management Agency (FEMA) has not yet issued effective FIRMs for parts of New Jersey and New York. Although this has left developers in a bit of flux, a recent appeal in New York City may be ...

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