Credit Guide

Card Consolidation Credit Debt The ongoing battle between Gov. James E. McGreevey and builders in the state is now centered on impact fees, money developers pay communities for the ripple effects new homes cause in towns.

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Credit Union Both say the fees should be implemented, but their ideas on the matter are so different one observer said it's like one was designed by Weight Watchers and the other by Ben & Jerry's.

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Merchant Credit Guide Co The huge gap on the issue is just the latest round in the fight that has pitted McGreevey's war on sprawl against builders and developers eager to cash in on New Jersey's lucrative housing market.

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Apply Online For Credit Card Builders have tried to counter McGreevey's attacks, but the governor has stuck to an issue he has found to be popular with voters at a time when he has continued to register low numbers elsewhere in opinion polls.

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By Card Credit Debt Debt Guide "Politically, going after the builders makes you look good to the public," said Jeff Tittel of the New Jersey chapter of the Sierra Club. "Smart growth is smart politics. People are fed up with being stuck in traffic and having no open space. McGreevey gets it that it's a home run as a political issue."

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Credit Repair One recent small victory for the builders was the McGreevey administration's decision to get rid of plans for the so-call "big map," a color-coded guide to restricting development around the state. But the map was even disliked by environmentalists and generally considered too confusing by everyone else.

Active Credit Credit Guide Builders said they don't believe McGreevey has offered any solutions that address concerns in the nation's most densely populated state but do not damage business. Patrick J. O'Keefe, chief executive officer of the New Jersey Builders Association, criticized what he said was the governor's strategy of limiting new housing developments through the use of new regulations enacted by the Department of Environmental Protection.

Credit Score "The administration, despite all the commentary, has not advanced any legislative proposal other than using the DEP as a guillotine," O'Keefe said.

Bad Car Credit Guide Loan He said the new regulations have eliminated thousands of new housing opportunities, which in turn have cost the state thousands of jobs. Housing starts in New Jersey have gone down by 5 percent the last few years despite being at record levels nationwide due to low interest rates, according to O'Keefe.

Bad Credit Loan The lack of new homes in the state has led to soaring housing prices and a dwindling supply that puts the squeeze on all but the wealthiest, O'Keefe said.

Credit Definition Derivative "It's not a sudden impact, but a gradual strangulation," O'Keefe said. "None of this has been addressed by the governor and his administration. They've turned their back on the working families of New Jersey."

Bad Credit Mortgage The builders said there is pending legislation on impact fees that they support. The bill would have developers pay for school building and expansion and other community improvements.

The Insider Guide To Credit In a recent speech to a gathering of mayors and other local officials, McGreevey said he would sign an impact fees bill. But the governor tied the issue to high property taxes in the state and said impact fees are a way to make builders shoulder the burden caused by new development. That's not in line with what the builders have in mind.

Business Credit Card McGreevey administration officials said that while there is no sense that builders are willing to compromise on the issue, a version of the measure would be pushed in the legislative session that starts this week.

Banker Complete Credit Guide By Tom Bell
Associated Press - 11/30/2003

Topic: Sprawl

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