Bill
Bill > A1871
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 would change the calculation of affordable housing obligations to a Statewide perspective rather than a local level. In addition, under the bill, the Council on Affordable Housing would submit a report every five years on housing affordability. The report would calculate the ratio of the median cost, including property taxes, mortgage rates and payments, insurance, cost of utilities, and other necessary factors in the discretion of the council, to maintain the home to the median income for the State. This report would be used to update the growth-share calculation each time the council issues a report.
AI Summary
This bill would change the calculation of affordable housing obligations to a Statewide perspective rather than a local level. The Council on Affordable Housing (COAH) would submit a report every five years on housing affordability, calculating the ratio of the median cost to maintain a home (including property taxes, mortgage rates and payments, insurance, utilities, and other factors) to the median income for the State. This report would be used to update the growth-share calculation used to determine each municipality's affordable housing obligation.
Committee Categories
Housing and Urban Affairs
Sponsors (11)
Brian Bergen (R)*,
Jon Bramnick (R),
Robert Clifton (R),
BettyLou DeCroce (R),
John DiMaio (R),
Aura Dunn (R),
Sean Kean (R),
Greg McGuckin (R),
Nancy Muñoz (R),
Kevin Rooney (R),
Edward Thomson (R),
Last Action
Introduced, Referred to Assembly Housing Committee (on 01/14/2020)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2020/A1871 |
| BillText | https://www.njleg.state.nj.us/Bills/2020/A2000/1871_I1.HTM |
| Bill | https://www.njleg.state.nj.us/Bills/2020/A2000/1871_I1.PDF |
| BillText | https://www.njleg.state.nj.us/2020/Bills/A2000/1871_I1.HTM |
| Bill | https://www.njleg.state.nj.us/2020/Bills/A2000/1871_I1.PDF |
Loading...