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NJ A359

NJ A359
Reauthorizes use of regional contribution agreements.


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 amends the Fair Housing Act to re-authorize the use of regional contribution agreements by municipalities to meet affordable housing needs. Since July 17, 2008, the effective date of P.L.2008, c.46, municipalities have been prohibited from using regional contribution agreements to address fair share housing obligations. This bill would re-authorize a municipality to propose transferring up to 50% of its fair share housing obligation to another municipality within its housing region through a regional contribution agreement. This matches the portion of a fair share housing obligation that had been transferrable prior to 2008.

AI Summary

This bill re-authorizes the use of regional contribution agreements by municipalities to meet affordable housing needs. Prior to 2008, municipalities were allowed to transfer up to 50% of their fair share housing obligation to another municipality within the same housing region through a regional contribution agreement. This bill would re-authorize this practice, which was prohibited in 2008. The bill also provides guidelines for the approval and implementation of these regional contribution agreements by the Council on Affordable Housing.

Committee Categories

Government Affairs

Sponsors (4)

Last Action

Introduced, Referred to Assembly Community Development and Affairs Committee (on 01/14/2020)

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