From Libertarian Michael A. LaFerrara at Principled Perspectives:
New Jersey’s so-called “affordable housing policies” require each municipality in the state to provide its “fair share” of low and moderate income housing. This could be accomplished is a number of ways, but usually involved zoning for low and moderate income housing that requires builders to incorporate some percentage of such housing (usually subsidized) in their development plans.
But it can also allow municipalities to finance affordable housing in other communities in lieu of allowing building it in their towns. That practice, known as “Regional Contribution Agreements,” were subsequently outlawed. But with a recent court ruling increasing affordable housing requirements for towns, many mayors are seeking a reinstatement of Regional Contribution Agreements.
Some object.