BLSJ Building Experts to Discuss Governor's Anti-Housing Initiatives.Business Editors CHERRY HILL Cherry Hill, township (1990 pop. 69,319), Camden co., W central N.J.; name was changed from Delaware township to Cherry Hill in 1961. Largely residential, Cherry Hill has been marked by great development and housing growth, especially since the 1970s. TOWNSHIP township: see town. , N.J.--(BUSINESS WIRE)--April 21, 2003 The Builders League of South Jersey has experts available to discuss the new package of initiatives being proposed by Governor James E. McGreevey that are aimed at giving mayors and local governments more power to fight unwanted development. Since his State of the State address The State of the State Address (alternatively Condition of the State Address) is a speech customarily given once each year by the governors of most states of the United States. , the governor has campaigned this package of initiatives that are aimed at directing growth into urban and older suburban areas and making it more difficult to develop elsewhere. These initiatives, which are intended to stop the development of new homes, will include imposing open-ended impact fees on new development, authorizing a program that would allow the transfer of development rights and giving towns the option of requiring landowners to participate, changes to the Municipal Land Use Law, and authorizing housing moratoriums and timed-growth ordinances as planning tools. These proposals will have a devastating dev·as·tate tr.v. dev·as·tat·ed, dev·as·tat·ing, dev·as·tates 1. To lay waste; destroy. 2. To overwhelm; confound; stun: was devastated by the rude remark. impact on South Jersey's economy. The state's home building industry is composed of local businessmen who live and work in the area. Construction activity has a direct and indirect impact on the local economy, as does the impact of local workers who spend part of their wages within the local area. New home construction in the region provides hundreds of millions of dollars annually in local income. It generates millions in taxes and other revenue for local governments and creates thousands of local jobs. As New Jersey already faces a housing crisis that affects more than one million households statewide, the governor's plans will have a devastating affect on the availability and affordability of housing for all New Jersey's residents. For further information or additional economic data, please contact the BLSJ Director of Public Information. ABOUT THE BLSJ: The Builders League of South Jersey is a housing industry trade association of 575 South Jersey-based member firms, including builders, developers, engineers, architects, suppliers, contractors, and other consulting professionals committed to providing safe, healthful health·ful adj. 1. Conducive to good health; salutary. 2. Healthy. health  ful·ness n. housing for all New Jersey residents.
BLSJ members are dedicated to promoting balanced solutions to solving New Jersey's housing crisis while planning for preservation and environmental protection. The BLSJ, which is composed of member firms from Burlington, Camden, Gloucester Gloucester, city, England Gloucester (glŏs`tər, glô`stər), city (1991 pop. 106,526) and district, Gloucestershire, W central England, on the Severn River. , Salem, Cumberland, Cape May Cape May, city (1990 pop. 4,668), Cape May co., S N.J., on Cape May peninsula and the Atlantic Ocean; settled in the 1600s, inc. 1857. One of the nation's oldest beach resorts, it became known in the mid-19th cent. and Atlantic counties, is an affiliate of the New Jersey Builders Association and the National Association of Home Builders The National Association of Home Builders (NAHB) is one of the largest trade associations in the United States. Headquartered in Washington, DC, the association organizes one of the largest conventions in North America, The International Builders' Show, which draws more than . For more information on the BLSJ, or visit the league's website at http://www.blsj.com. |
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