"New Jersey Workforce Housing Partnership Act"; incentivizes homebuyer assistance to certain employees, provides tax credits for development of certain workforce housing, and provides certain assistance and affordability protections for middle-income residents; appropriates $55 million.

The New Jersey Workforce Housing Partnership Act (S 1830) creates a state program to help middle-income workers - like teachers, first responders, and healthcare professionals - afford homes by incentivizing employers to provide homebuyer assistance. It provides $55 million for a Workforce Housing Assistance Program that matches employer down payment help and offers low-interest mortgages, while giving tax credits to businesses that develop affordable housing for employees. The bill also includes affordability protections ensuring housing remains accessible to residents earning up to 120% of the area median income and encourages municipalities to repurpose vacant commercial spaces into workforce housing through zoning flexibility.