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A 6059 New Jersey General Assembly · 2024-2025 Regular Session

Appropriates $125 million for creation of affordable housing to restore diversions from "New Jersey Affordable Housing Trust Fund."

This bill appropriates $125 million to restore previously diverted funds to New Jersey's Affordable Housing Trust Fund (NJAHTF). The funds will be used to award grants and loans for affordable housing projects in municipalities that have certified compliance with fair share housing plans. It directly affects eligible municipalities and developers working on housing initiatives meeting state requirements. The bill specifically reverses budget diversions made in the 2026 state budget, directing the restored money toward creating new affordable housing units.
Issues: ✓ Budget & TaxesSupports Budget & TaxesRestores $125M diverted from affordable housing fund, directly increasing funding for state housing program.95% confidence ✓ HousingSupports HousingBill A 6059 appropriates $125 million to the Affordable Housing Trust Fund specifically for the creation of affordable housing projects, directly funding housing initiatives.95% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Nov 2025
Committee Review
Floor Vote
Governor
Introduced Nov 17, 2025 Last action Nov 17, 2025
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Full legislative history

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0
Nov 17, 2025
Introduced
Introduced in the Assembly, Referred to Assembly Housing Committee
lower
1 primary · 1 co-sponsor

Sponsors

Role
Legislator
Party
State
District
P
Photo of Shanique Speight
Shanique Speight
DDemocratic
NJ
29
Co
Photo of Joe Danielsen
Joe Danielsen
DDemocratic
NJ
17