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ICREW hails state's efforts on housing.


On March 9, the New Jersey Chapter of Industrial Commercial Real Estate Women, Inc. (ICREW ICREW Improving Coastal and Recreational Waters (Europe) ) hosted Commissioner Susan Bass Levin Susan Bass Levin was the Commissioner of the New Jersey Department of Community Affairs (DCA), serving in the cabinet of Governor of New Jersey Jon Corzine since being sworn into office on January 30, 2006. , New Jersey Department of Community Affairs The New Jersey Department of Community Affairs is a governmental agency of the U.S. state of New Jersey.

Governor Jon Corzine nominated Joseph Doria as Commissioner of the New Jersey Department of Community Affairs (DCA), replacing Susan Bass Levin, a nomination that must be
 (DCA (1) (Document Content Architecture) IBM file formats for text documents. DCA/RFT (Revisable-Form Text) is the primary format and can be edited. DCA/FFT (Final-Form Text) has been formatted for a particular output device and cannot be changed. ), as the keynote speaker at its monthly luncheon meeting.

Commissioner Levin demonstrated how the DCA is dedicated to investing in New Jersey communities.

Through its programs and investment, the DCA creates neighborhoods where people want to raise families and build businesses. Commissioner Levin plans to continue her pursuit to provide ample affordable housing units in the state.

Commissioner Levin explained to ICREW members that in 2002 the Department of Community Affairs and the Housing and Mortgage Finance Agency were handed a goal to create 20,000 affordable housing units over a four-year period.

"While not sure it could be done, during that period 22,000 units were built." Levin noted, "Governor Corzine now has set the bar even higher, seeking 100,000 affordable units to be created over the next four years."

The DCA is seeking new ways to make housing more affordable in New Jersey and is guided by the comprehensive Smart Growth approach. Smart Growth is the term used to describe well-planned, well-managed growth that adds new homes and creates new jobs, while preserving open space, farmland, and environmental resources.

The Commissioner discussed the connection between housing and the industrial and commercial real estate sectors, "business brings in jobs and people who seek to establish a home."

Commissioner Levin mentioned other programs of key importance in the state. According to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 the Commissioner, "there are six ongoing Greyfields Projects where communities in the state are seeking developers to reinvest re·in·vest  
tr.v. re·in·vest·ed, re·in·vest·ing, re·in·vests
To invest (capital or earnings) again, especially to invest (income from securities or funds) in additional shares.
 in shopping centers that are now obsolete." New Jersey's Greyfields Task Force addresses issues of property abandonment and underutilization in areas with existing infrastructure.

"Basically, what we're doing is looking for Looking for

In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with.
 ways to do more with less. We realize that some projects won't get done today, but they'll get done eventually."

She explained that "Governor Corzine is vocal about restructuring New Jersey's future, and that's exactly what we are doing."
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Title Annotation:Industrial Commercial Real Estate Women Inc. to get Susan Bass Levin as speaker
Publication:Real Estate Weekly
Geographic Code:1USA
Date:Apr 12, 2006
Words:337
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