Bill

Bill > A2925


NJ A2925

NJ A2925
Waives certain inspection fees for municipally owned affordable housing developments.


summary

Introduced
02/20/2020
In Committee
02/20/2020
Crossed Over
Passed
Dead
01/11/2022

Introduced Session

2020-2021 Regular Session

Bill Summary

This bill would waive the fees for the initial five-year inspection under the "Hotel and Multiple Dwelling Law," P.L.1967, c.76 (C.55:13A-1 et seq.) for municipally owned affordable housing developments. To qualify for this fee waiver, a multiple dwelling would have to be owned by a municipality and every unit in the building would have to be dedicated as affordable housing. This bill would help limit the costs borne by municipalities, and ultimately property taxpayers, in the production of affordable housing.

AI Summary

This bill would waive the fees for the initial five-year inspection under the "Hotel and Multiple Dwelling Law" for municipally owned affordable housing developments. To qualify, a multiple dwelling must be owned by a municipality and all units must be dedicated as affordable housing. The bill is intended to help limit the costs borne by municipalities and property taxpayers in the production of affordable housing.

Committee Categories

Housing and Urban Affairs

Sponsors (1)

Last Action

Introduced, Referred to Assembly Housing Committee (on 02/20/2020)

bill text


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