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 ...
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 ...
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 ...
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 ...
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 ...
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 ...