Makes supplemental appropriation of $100 million to Affordable Housing Production Fund in DCA for completion of 100-percent affordable housing projects.
This bill appropriates an additional $100 million to New Jersey's Affordable Housing Production Fund within the Department of Community Affairs (DCA). The funds will directly support municipalities and developers by providing grants to complete 100-percent affordable housing projects - where all residential units are reserved for low- and moderate-income households. The money supplements existing funding under the 2023-2024 budget to accelerate finishing projects that meet the state's fair-share housing obligations. This is a procedural funding measure with no new policy requirements, solely expanding resources for existing affordable housing initiatives.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jun 2024
Committee Review
Floor Vote
Governor
Introduced Jun 20, 2024
Last action Jun 20, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
1
Key actions
0
Committee
0
Jun 20, 2024
Introduced
Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Troy Singleton
DDemocratic
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