Wednesday, June 15, 2011

New group will lobby for more rental units in New Jersey

NJBIZ reports that the New Jersey Builders Association and a group of multifamily developers are forming a new affiliate--the Mixed-Use Developers Association.

The association will initially consist of executives from nine New Jersey multifamily developers, including:

  • AvalonBay Communities Inc.,  
  • Hoboken Brownstone Co.,
  • Ironstate Development Co.
  • D.L. Paragano Homes,  
  • Roseland Property Co. and 
  • Woodmont Properties

Members of the Mixed-Use Developers Association, clockwise from top left, Carol Ann Short, COO officer of NJBA; Timothy Touhey, NJBA CEO and executive vice president; Steve Santola, executive vice president and general counsel of Woodmont Properties; Applied Cos. President Michael Barry; George Vallone, founder of the Hoboken Brownstone Co.; and Ronald Ladell, vice president of AvalonBay Communities.

According to NJBIZ, George Vallone, president of Hoboken Brownstone, will chair the association, while Timothy Touhey, CEO of the NJBA, also will serve as CEO of the new offshoot group.

The new association will lobby with state legislators and regulatory agencies on issues that promote  the production of more rental units, particularly in New Jersey’s suburban areas. Priorities in the coming year include: code issues, the need for another permit extension bill, water quality management issues, Council on Affordable Housing regulations and the state plan. 

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