S 595 New Jersey Senate · 2024-2025 Regular Session

Restricts occupancy of dwelling unit in age-restricted community to older adults following resale.

This bill requires that when a dwelling unit in an age-restricted community (like a retirement community) is resold, the new owner must certify that the unit will be occupied by someone meeting federal "housing for older persons" standards (typically age 55+). It clarifies that "resale" includes foreclosure, tax, or bankruptcy sales, not just standard purchases. The law directly affects owners selling units in these communities and the communities themselves, ensuring they maintain their legal status under federal fair housing law. This prevents units from being occupied by non-older adults even if sold for affordable housing purposes.
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 Senate, Referred to Senate Community and Urban Affairs Committee
upper
1 primary · 0 co-sponsors

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Role
Legislator
Party
State
District
P
Photo of Latham Tiver
Latham Tiver
RRepublican
NJ
8