A 140 New Jersey General Assembly · 2024-2025 Regular Session

Prohibits the imposition of affordable housing need and related fees upon the local transfer or move of a business.

This bill (A140) prohibits the Council on Affordable Housing from counting business relocations as generating affordable housing requirements within a municipality or within a 50-mile radius. It specifically prevents municipalities from imposing affordable housing fees on commercial or industrial businesses that move or transfer locations within the same municipality, housing region, or 50-mile area. The law directly affects businesses relocating within these boundaries and the municipalities that previously could have charged such fees. It modifies how affordable housing obligations are calculated for municipalities under New Jersey's Fair Housing Act.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2024
Committee Review
Floor Vote
Governor
Introduced Jan 9, 2024 Last action Jan 9, 2024
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Jan 9, 2024
Introduced
Introduced in the Assembly, Referred to Assembly Community Development and Women's Affairs Committee
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2 primary · 0 co-sponsors

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