Bill

Bill > A124


NJ A124

Prohibits the imposition of affordable housing need and related fees upon the local transfer or move of a business.


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 prohibits the Council on Affordable Housing from adopting a regulation which would generate affordable housing need for a municipality upon the event of a commercial or industrial entity moving or relocating within the municipality, or within the same housing region of the municipality, or within a 50 mile radius extending in all directions from the initial location of the entity. Municipalities are prohibited from imposing a fee for affordable housing purposes upon a developer meeting the criteria set forth in the bill.

AI Summary

This bill prohibits the Council on Affordable Housing from generating affordable housing need for a municipality when a commercial or industrial entity moves or relocates within the same municipality, the same housing region, or within a 50-mile radius of its initial location. Additionally, the bill prohibits municipalities from imposing a fee for affordable housing purposes on developers meeting the criteria specified in the bill.

Committee Categories

Government Affairs

Sponsors (2)

Last Action

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

bill text


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