
An application by Toll Brothers to build 85 new homes at 29 Thanet Circle (map) was approved by the Princeton Planning Board on Thursday, June 4. The new homes will be built as ‘stacked townhomes’, to be sold to their future owners (as opposed to being rented). 20% of the units will be designated ‘affordable’ units, with the sale price significantly reduced for households of limited incomes. This development forms part of the town of Princeton’s ‘Fourth Round’ affordable housing plan, which is required to meet state fair housing law (Report: Town of Princeton Embraces ‘Smart Growth’ With Proposed Sites For New Affordable Housing“).
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