Even if the VC was hoping to get “offset” agreements with other towns, they should have had a well thought out “Plan B.”
As for having state politicians mandate that a community make it affordable for a designated, less affluent, socio-economic population to live amongst it, is the height of hubris and offensive.
I want to live in Tuxedo Park. Do you think they’ll be building “affordable” housing for me to live there any time soon? Affordable; being relative to the price of homes in Ridgewood versus Tuxedo Park.
This is another example of liberal social engineering at its worst. Are we to believe that there aren’t enough homes in communities that would be more compatible with the socio-economic circumstances of the people the state proposes to help?
This kind of social engineering defies capitalism and destroys the incentive for people to get ahead. People work hard to save enough money to buy a home in communities like Ridgewood. Often their first homes were in far less affluent communities. Having succeeded in life to the extent that they can now afford to live in Ridgewood, why should they be asked to subsidize others to do the same?
What’s next, shall the government mandate that a certain number of luxury cars be subsidized by those who purchase them at full price for those who couldn’t otherwise afford them?
Heck, I think I’ll just stop working and go live in one of those “affordable” housing units we’re building. Think of the taxes I’ll save while enjoying all the amenities the village has to offer. Maybe by the time these apartments are built they’ll give me a new Cadillac to go along with it.