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Bergen County Real Estate News: September 2006 – Week 3

Bergen county news with an emphasis on aspects affecting real estate, residency and community issues.

Tenafly Home to All
New Jersey’s Cost of Living and Household Income
Housing Projects in New Jersey Receive Approval
Bergen County Taxes on the Rise
Bergen County Housing Becomes Safer


Tenafly Home to All

While Tenafly is home to its residents, it is a wonderful place to live for pets also. Thanks to the group PetResQ, stranded pets are well taken care of. This came through after Hurricane Katrina left not just empty homes but also stranded pets behind. Many animals were orphaned when their owners did not live through the storm. Many owners also hand to desert their pets when they were forced to evacuate the Gulf Coast due to the storm. However Robyn Urman, who works with the Tenafly pet rescue group, went through the streets in her car and helped save various stranded cats and dogs. Over seventy pets got a new life and new homes, thanks to this group. She states, she was devastated seeing the state of pets that had died due to the hurricane.


New Jersey’s Cost of Living and Household Income

With the prices of fuel, housing and health care going higher up in Bergen County and the neighboring towns, life may soon become tough for many families. This is more so as the figures of income are not increasing in pace with the expenses. In fact statistics by the Census Bureau show the incomes to be going down. The median household income in the state of New Jersey was seen to be the highest in the nation in 2005 at $61,700. However these figures were seen to be a drop of 2.8% from 2004 at $63,400. Augmenting this is the fact that New Jersey has high costs of living as compared to many other states. But the picture is not as bleak as it looks and New Jersey is still the best choice for any person seeking a home. The good news is that even at these figures the state is on the top of the income scenario as compared to other states and enjoys a household income well above the national median of $46,200. Click here for statistics on the cost of living in Bergen County.


Housing Projects in New Jersey Receive Approval

Three residential projects have now received approval in Jersey City. These include projects at Essex Commons, which would be the largest of the three. It would comprise of seven storeys with 70 units and 65 parking spaces. Of the total, fourteen units would offer affordable housing. The Crescent Court Condominiums is another residential project in New Jersey that received approval from the Jersey City Planning Board on Tuesday, 22nd August, 2006. This project comprises of a four-story construction with 56-unit condominium complex and 56 parking spaces. The third residential project called the Fresh Pond, involves the rehabilitation of an old four-story warehouse. This would produce 45 work/live units for artists and would comprise of 50 parking spaces. Besides these projects, the planning board is also considering amendments to the Morris Canal Redevelopment Plan. This plan governs development in the Bergen Lafayette area of the city.


Bergen County Taxes on the Rise

The borough council of Hasbrouck heights in Bergen County now plans to adopt new rises in the budget. According to recent changes that were proposed on Tuesday, August 29, 2006, a 7.1% increase in municipal tax levy will be made to the budget. This brings the amount to $15.8 million. With these changes coming to effect, a home in this part of Bergen County area assessed at the borough average of $436,800 would attract $2,603 in municipal taxes. This is an increase of 4.9 percent from last year. However the opinion of the council was equally divided at 3-3 on the issue.


Bergen County Housing Becomes Safer

Bergen County’s “one-strike” policy, meant to make public housing safer, is now readjusted for better service of the community. According to the policy, people accused of committing drug related crimes would be asked to evacuate their apartments. While the policy has its good side, it has faced severe criticism in the past year. The main point was the evacuation of the entire family when only one member is the accused. Jersey has thus scaled back on the usage of the policy and families are now given a second chance for reforming. As per these changes only the name of the offender would be removed from the lease. After these changes, only two families were evicted in 2005 as per the North Bergen Housing Authority.


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Find out more about Bergen County homes available for sale. Anat Eisenberg can help you find your dream real estate property. Anat is no ordinary real estate agent. In short, she is professional, honest and dedicated. Call: 201-341-4765 or email here.

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