Mar 9, 2026StrategicPlan
BoardBorough of Little Silver Spending Plan 2025-2035
This document outlines the Borough of Little Silver's Fourth Round Affordable Housing Trust Fund Spending Plan for the period 2025-2035. The plan details anticipated revenues from development fees, interest, and payments in lieu of construction. Key expenditures are directed towards developing a 100% affordable housing project at 43 Birch Avenue, establishing an Accessory Apartment Program, providing various forms of affordability assistance including security deposit and down payment aid, and covering administrative costs. The objective is to fulfill the municipality's affordable housing obligations in compliance with the Fair Housing Act and maintain immunity from related litigation.