A 251 New Jersey General Assembly · 2024-2025 Regular Session

Increases maximum municipal percentage of affordable fair share housing satisfied by age-restricted units to 50 percent.

This bill (A251) changes New Jersey's affordable housing rules by raising the maximum percentage of a municipality's housing obligation that can be met with age-restricted units (like senior housing) from 25% to 50%. It directly affects New Jersey municipalities required to provide affordable housing under state law. The key provision removes a previous 25% limit imposed by the Council on Affordable Housing, allowing communities to count up to half of their required affordable units as age-restricted. The bill takes effect immediately upon passage.
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 Housing Committee
lower
2 primary · 1 co-sponsor

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