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  • NJ A3551
  • Provides tax credits to developers for certain affordable housing projects.
Introduced
(4/4/2016)
In Committee
(2/27/2017)
Crossed OverPassedSignedDead/Failed/Vetoed
2016-2017 Regular Session
This bill would provide up to $600 million in tax credits available to developers to construct certain affordable housing projects. In order to qualify for the tax credit, a developer must construct a residential project in which at least 50 percent of the residential units are constructed and reserved for very low-, low-, and moderate-income housing, of which, at least 13 percent must be reserved for very low-income housing. Developers would apply for tax credits in the same manner in which developers applied for grants under the State Economic Redevelopment and Growth Grant program.
Not specified
Reported out of Asm. Comm. with Amendments, and Referred to Assembly Appropriations Committee  (on 2/27/2017)
 
 

Date Chamber Action Description
2/27/2017 A Reported out of Asm. Comm. with Amendments, and Referred to Assembly Appropriations Committee
2/27/2017 Assembly Housing and Community Development Hearing (19:00 2/27/2017 )
4/4/2016 A Introduced, Referred to Assembly Housing and Community Development Committee
Date Motion Yea Nay Other
Detail 2/27/2017 Assembly Housing and Community Development Committee: Reported with Amendments 4 0 2