Bill

Bill > A1868


NJ A1868

NJ A1868
Allows municipalities to establish affordable housing preference for their residents.


summary

Introduced
01/14/2020
In Committee
01/14/2020
Crossed Over
Passed
Dead
01/11/2022

Introduced Session

2020-2021 Regular Session

Bill Summary

This bill would allow a municipality to enter into agreements with developers to provide affordable housing occupancy preferences for low and moderate income current residents of the municipality of up to 50 percent of the affordable units in a particular project. Current law does not provide any preference for residents of a municipality for affordable housing located in the municipality. This bill would help residents of a municipality in need of affordable housing to be able to stay in their hometowns.

AI Summary

This bill would allow a municipality to enter into agreements with developers to provide affordable housing occupancy preferences for low and moderate income current residents of the municipality, up to 50 percent of the affordable units in a particular project. This would help residents of a municipality in need of affordable housing to be able to stay in their hometowns, as current law does not provide any preference for municipal residents for affordable housing located in the municipality.

Committee Categories

Housing and Urban Affairs

Sponsors (7)

Last Action

Introduced, Referred to Assembly Housing Committee (on 01/14/2020)

bill text


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