Harrison Township Gloucester County Affordable Housing Trust Fund Development Fee Spending Plan 2025-2035
This document outlines Harrison Township's Affordable Housing Trust Fund Development Fee Spending Plan for the period 2025-2035. The plan details the projected revenues from development fees and interest, aiming to meet the Township's regional fair share of affordable housing obligations. Key focus areas for expenditure include rehabilitation programs, affordability assistance for very low-, low-, and moderate-income households, administrative expenses, and the funding of three specific affordable housing developments: Mullica West Senior Development, Project Freedom/Richwood, and a new 100% Affordable Family Project. The plan also describes the administrative mechanisms for fund collection and distribution, and strategies for addressing excess or shortfall of funds.