Bill
Bill > A1638
NJ A1638
NJ A1638Restricts occupancy of dwelling unit in age-restricted community to older adults following resale.
summary
Introduced
01/14/2020
01/14/2020
In Committee
01/14/2020
01/14/2020
Crossed Over
Passed
Dead
01/11/2022
01/11/2022
Introduced Session
2020-2021 Regular Session
Bill Summary
This bill requires dwelling units in an age-restricted community that are transferred by resale to remain occupied by households that will allow the age-restricted community to remain "housing for older persons," as defined by the federal "Fair Housing Amendments Act of 1988," 46 U.S.C. ss.3601 et seq. This bill also clarifies the definition of "resale" in P.L.2008, c.71 to provide that resale includes mortgage and tax foreclosure sales, execution sales, and bankruptcy sales. The sponsors intend this legislation to preserve age-restricted properties' unique status by requiring that dwelling units transferred by resale, even for affordable housing purposes, continue to be occupied by older adults.
AI Summary
This bill requires dwelling units in age-restricted communities that are transferred through resale to remain occupied by households that allow the community to maintain its "housing for older persons" status under the federal Fair Housing Amendments Act. It also clarifies the definition of "resale" to include mortgage and tax foreclosure sales, execution sales, and bankruptcy sales, ensuring that this requirement applies even when a unit is transferred through these means. The sponsors' intent is to preserve the unique status of age-restricted properties by ensuring that dwelling units continue to be occupied by older adults, even when transferred for affordable housing purposes.
Committee Categories
Housing and Urban Affairs
Sponsors (1)
Last Action
Introduced, Referred to Assembly Housing Committee (on 01/14/2020)
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| BillText | https://www.njleg.state.nj.us/2020/Bills/A2000/1638_I1.HTM |
| Bill | https://www.njleg.state.nj.us/2020/Bills/A2000/1638_I1.PDF |
Loading...