Clarifies scope of affordable housing obligations.
This bill clarifies definitions and credit rules for New Jersey's affordable housing law. It defines key terms like "low income housing" (30% of median income) and "moderate income housing" (50-80% of median income), and specifies how municipalities can credit existing affordable units toward their housing obligations. The bill also clarifies that municipalities cannot count units built during "gap periods" (when needs weren't previously tracked) for credit calculations. These changes directly affect New Jersey municipalities required to meet housing quotas under the 1985 law.
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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Full legislative history
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Total actions
1
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0
Committee
0
Jan 9, 2024
Introduced
Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee
upper
1 primary · 1 co-sponsor
Sponsors
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