S 3469 New Jersey Senate · 2024-2025 Regular Session

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
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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
Photo of Troy Singleton
Troy Singleton
DDemocratic
NJ
7