Township of Pemberton Minutes Special Meeting 2026-04-27
Township Introduces Five-Year Tax Abatement for K. Hovnanian
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Description
The Township of Pemberton introduced Ordinance 14-2026 to authorize a five-year tax abatement and financial agreement with K. Hovnanian at Rancocas Creek, LLC, as part of its obligations under the redevelopment and affordable housing plans. The agreement is pending a public hearing set for May 6, 2026.
Contract Details
Vendor
K. HOVNANIAN AT RANCOCAS CREEK LLC
Agency
Township of Pemberton, NJ
Contract Type
OTHER
Document Date
April 27, 2026
Contract Term
Five years (tax abatement)
Renewal Date
2031-05-06
Renewal Info
Tax abatement applies to original homeowner for five years, does not transfer if property is sold; abatement ceases upon sale.
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