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  • NJ A4774
  • Requires additional credit against fair share obligation for abandoned property converted to affordable housing.
Introduced
(5/11/2017)
In Committee
(5/11/2017)
Crossed OverPassedSignedDead/Failed/Vetoed
2016-2017 Regular Session
This bill requires additional credit against a fair share obligation for abandoned property converted to affordable housing. This bill seeks to incentivize the rehabilitation of abandoned property, and facilitate the establishment of affordable housing in locations that benefit surrounding neighborhoods. Under this bill, a municipality may receive two units of credit towards its fair share obligation for each unit of housing that is restricted for use by low and moderate income households. The additional credit would apply so long as the housing unit is established on a property that has been on an abandoned property list, established by the municipality pursuant to section 36 of P.L.1996, c.62 (C.55:19-55), and the property has subsequently been removed from the abandoned property list following its rehabilitation.
Not specified
Introduced, Referred to Assembly Housing and Community Development Committee  (on 5/11/2017)
 
 

Date Chamber Action Description
5/11/2017 A Introduced, Referred to Assembly Housing and Community Development Committee
Date Motion Yea Nay Other
None specified