Requires State to issue biennial report of unutilized State-owned property and potential for use as affordable housing.*
What changed between versions
The report now covers only 'unutilized' State-owned real property rather than all State-owned real property. A new definition was added: unutilized means the parcel does not actively provide employee housing, is not actively generating revenue through a lease or other agreement, and is not actively serving a legitimate public purpose.
Assemblywoman Yvonne Lopez (District 19, Middlesex) was added as a co-sponsor.
The reporting frequency changed from annual to biennial throughout the bill, including the initial submission deadline and all subsequent resubmissions.
The lead responsible entity changed from the Division of Purchase and Property in the Department of the Treasury to the Department of the Treasury itself, working collaboratively with the State House Commission. The State House Commission is a newly involved body.
The process was restructured: instead of one division developing a centralized inventory in consultation with other entities, each State entity (including NJEDA, NJ Redevelopment Authority, and NJ Housing and Mortgage Finance Agency) must now biennially submit its own list of unutilized real property to the State House Commission and Department of the Treasury, which then collaboratively compile and analyze the combined lists.
The obligation to post the report on a website shifted from the director of the Division of Purchase and Property to the Department of the Treasury posting on the department's website.
The statutory supplement reference was narrowed from 'chapter 18A of Title 52' to simply 'Title 52.'