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The Journal News

Spring Valley passes affordable housing law

By Suzan Clarke • The Journal News • November 7, 2008

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SPRING VALLEY -The Village Board has passed a local law requiring developers of multi-family dwellings of at least 10 units to set aside 10 percent of those units for affordable housing.

"Property values in the village as a whole are rising, which is a good thing, but when property values rise it does affect the affordability of housing for many other people," Ryan Karben, the village attorney who wrote the law, said today. "The village believes it was important to try to ensure some balance by requiring affordable housing set-asides to maintain Spring Valley's status as a premier community for working people."

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