On August 24, 2011, Lt. Governor Guadagno signed legislation extending relief to developers from the previously implemented COAH 2.5% non-residential development fee requirement. The relief places an additional 2-year moratorium on the non-residential development fee requirement, and will apply retroactively to approvals obtained as of July 2010. Developers who obtain land development approvals prior to July 1, 2013 (and obtain building permits by December 31, 2015) will receive protection under the fee moratorium. A mechanism is also in place by which developers who previously paid a development fee may be entitled to a refund. Click here for additional information.
Moratorium Extended On COAH Non-Residential Development Fees
Published
Pete's Take 