Affordable housing at 260 Davidson Avenue and 40-year PILOT
Summary
The Council adopted the PILOT ordinance converting hotel buildings into 142 affordable units with a $3.5 million trust-fund contribution. Residents raised diesel truck traffic, health, and transit concerns; officials defended the site's proximity to ShopRite, CVS, and shuttle service.
At a glance
- Total mentions
- 5
- Last 30 days
- 3
Discussed at 1 meeting in the last 60 days; most recently Oct 13, 2026.
Impact analysis
$3.5 million from the affordable housing trust fund over ten years, with PILOT revenue at 4% of gross revenue instead of full property taxes.
Very low-, low-, and moderate-income households gaining 142 affordable units.
Nearby residents concerned about truck traffic and air quality; skeptics note the school district receives no direct PILOT revenue.
Mentions & discussions (3)
Franklin Township Council Work Session/Regular Meeting - Oct 13, 2026
The Council adopted the PILOT ordinance converting hotel buildings into 142 affordable units with a $3.5 million trust-fund contribution. Residents raised diesel truck traffic, health, and transit concerns; officials defended the site's proximity to ShopRite, CVS, and shuttle service.
Franklin Township Zoning Board of Adjustment Meeting - Jul 16, 2026
Two Habitat for Humanity homes would add affordable units toward Franklin's statewide obligation, with occupancy restricted to low- or moderate-income households. Both lots need multiple bulk variances because they're smaller and narrower than the R-7 zone requires.
Franklin Township Council Work Session/Regular Meeting - Jan 13, 2026
Five new inclusionary zoning ordinances (MFIZ-1 through MFIZ-5) were introduced, requiring affordable housing units in multifamily developments across township sites, plus a Franklin Boulevard redevelopment plan update. Public hearings and final votes come February 10.
Related development
CWP-ASR Somerset I & II LLC Affordable Housing Conversion
Adds 142 very low-, low-, and moderate-income homes near the Davidson Avenue transit corridor, with the PILOT spreading foregone tax revenue across other taxpayers.
MFIZ-5 Inclusionary Zone District (Dunbar)
Would require affordable housing units in the development, part of the township's housing plan.
MFIZ-1 Inclusionary Zone District (Apartment Conversion)
Would require affordable housing units in the development, part of the township's housing plan.
MFIZ-4 Inclusionary Zone District (Royal Somerset)
Would require affordable housing units in the development, part of the township's housing plan.
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