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Bill > A1863


NJ A1863

NJ A1863
Increases maximum municipal percentage of affordable fair share housing satisfied by age-restricted units to 50 percent.


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 establish the maximum percentage of a municipality's affordable fair share housing obligation which may be met by age-restricted units in a municipality at 50 percent. The Council on Affordable Housing adopted its third-round regulations, since partially invalidated by the courts, that reduced the percentage from 50 percent to 25 percent.

AI Summary

This bill would increase the maximum percentage of a municipality's affordable fair share housing obligation that can be met by age-restricted units from 25 percent to 50 percent. The Council on Affordable Housing had previously reduced the percentage from 50 percent to 25 percent, but this bill would restore the original 50 percent limit.

Committee Categories

Housing and Urban Affairs

Sponsors (7)

Last Action

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

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