S 2723 New Jersey Senate · 2026-2027 Regular Session

Appropriates $125 million for creation of affordable housing to restore diversions from "New Jersey Affordable Housing Trust Fund."

This bill appropriates $125 million from the General Fund to the New Jersey Affordable Housing Trust Fund (NJAHTF) to restore funds previously diverted for affordable housing. It directly affects municipalities that have certified compliance with fair share housing plans and housing elements, enabling them to access grants and loans for new affordable housing projects. The funds will support housing development in communities meeting state housing obligation requirements, as authorized under existing law. This is a funding restoration measure, not a new policy.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2026
Committee Review
Floor Vote
Governor
Introduced Jan 13, 2026 Last action Jan 13, 2026
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Jan 13, 2026
Introduced
Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee
upper
2 primary · 0 co-sponsors

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