Requires owners of certain multiple dwellings of three or more floors to provide priority status to senior citizens and disabled residents moving to lower floors.
What changed between versions
Co-sponsors were reduced from five senators (Moriarty, Timberlake, Wimberly, Turner, McKnight) to only Senator Moriarty, narrowing the bill's sponsorship base.
The statement clarifies exemptions: the bill does not apply to condominiums, common interest developments under the Planned Real Estate Development Full Disclosure Act, the Condominium Act, the Horizontal Property Act, or the Cooperative Recording Act of New Jersey. Buildings held in cooperative form of ownership are also exempt.
A new statement section was added clarifying that the bill applies to multiple dwellings with three or more floors and grants priority treatment to senior citizens and persons with disabilities who hinder or limit mobility when seeking to move to a lower-floor unit with the same number of bedrooms.
The statement specifies that qualifying residents receive a right of first refusal over outside applicants and over non-qualifying residents seeking lower-floor units, but this does not displace existing affordability requirements, targeting requirements, or income restrictions.
The statement adds a requirement that the owner post a sign containing information about the priority status granted to qualifying residents seeking lower-floor units.
