Toms River, Lakewood in $6M accord

The township soon could receive nearly $6 million from Toms River for affordable housing, pending a court decision, officials from both towns said. If approved, the municipalities will have navigated successfully through a crack in the barrier that has surrounded Regional Contribution Agreements for nearly a year.
Since an appellate court ruling in January put a hold on the state Council on Affordable Housing program, many towns have had to shelve their RCA plans, which allow them to swap parts of their affordable housing obligations with other municipalities.
Lakewood has been waiting on $36 million in RCAs from various towns in Monmouth and Ocean counties in order to build about 400 units of affordable housing. Meanwhile, Toms River has been trying to siphon off some of its obligation to avoid building more housing of its own.
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