A 7380: Sets standards for advertising affordable housing
This bill (A 7380) sets clear rules for advertising housing as "deeply affordable." It requires that housing marketed this way must be affordable to households earning 60% or less of the local area median income (as defined by HUD). Landlords or developers falsely labeling non-compliant units as "deeply affordable" face penalties under false advertising laws, and mixed developments must clearly state the percentage or count of deeply affordable units versus market-rate units. Municipalities and state agencies must also follow these standards when promoting affordable housing. The law takes effect 180 days after enactment.


























