Category Archives: Affordability

Expert Panel To Discuss Affordable Housing in Princeton on Wednesday Night

A panel of experts will meet on Wednesday evening (full details here) to discuss New Jersey’s latest round of state-mandated affordable housing construction. The discussion comes just weeks after the announcement, first reported at Walkable Princeton, that the town of … Continue reading

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State: Town of Princeton Must Plan For 276 New Affordable Homes To Be Built Over Next Ten Years

A report released on Friday by the New Jersey Department of Community Affairs has set preliminary affordable housing targets for every town in the state for 2025 – 2035. (Link: “2025 to 2035 Affordable Housing Calculations” via nj.gov). The figures … Continue reading

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Princeton, NJ Apartment Rents Increasing Less Than Home Prices in 2024

New Jersey house prices are continuing a years-long boom that has made buying a home unaffordable for many. Home prices in Mercer County went up 14.6% in just one year between July 2023 and July 2024. How is that affecting … Continue reading

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Neighborhood Objectors’ Court Case Against Mayor and Council of Princeton is “Dismissed With Prejudice”

A group of objectors who launched a court case to try to prevent a proposed redevelopment in Princeton have been dealt a setback by Mercer County Judge Robert Lougy. The objectors named the Mayor and Council of Princeton as targets … Continue reading

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Inside the New “Floyd House” at Princeton Community Village

The last few years have seen several new apartment buildings rising in Princeton, but one that a lot of people may not have noticed is the new ‘Floyd House’ at Princeton Community Village. Located in the existing Sassafras Row neighborhood … Continue reading

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Town of Princeton has 15 Months to Identify New Affordable Housing Sites, After Murphy Signs Landmark “Fair Share” Legislation

The town of Princeton faces a tight deadline to identify potential sites for hundreds of new affordable housing units, after the New Jersey State government approved legislation to streamline the state’s “Fair Share” housing rules. Signing the bill today, New … Continue reading

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Units Going Fast At New, 100%-Affordable Princeton Senior Living Complex

A new 55+ community, “Princeton Senior Living”, is now open at 500 Thanet Circle in Princeton (map). At an opening reception on Wednesday, February 21, local elected officials, representatives of area non-profits, and members of the local community had a … Continue reading

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Renting In Princeton: How Much Does It Cost To Rent An Apartment in Princeton in 2023?

Our semi-regular review of the apartment scene in Princeton is back! Read this review if you want to know how much you should expect to pay for an apartments in Princeton in September of 2023.  We last looked at Princeton … Continue reading

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Charlottesville, VA is Making Big Changes To Promote Housing Affordability. Can Princeton Learn Anything?

Home to a prestigious university and a growing, diverse population, Charlottesville VA (population: 46,553) has many things in common with Princeton. But although there is much to appreciate in its walkable downtown, Charlottesville has also struggled in recent years with … Continue reading

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NJ Speaker’s Property Tax Plan is Generational Warfare

A battle has broken about among New Jersey’s governing Democrats about how to set the state budget. On one side, the NJ Assembly speaker, Craig Coughlin, has proposed a new plan called “Stay NJ”, which would have the state pay … Continue reading

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