Bill
Bill > A3400
NJ A3400
NJ A3400Authorizes bonus credits toward fair share affordable housing obligation for housing units occupied by veterans; permits affordable housing obligation satisfaction through veterans' set aside of up to 35 percent of fair share.
summary
Introduced
02/25/2020
02/25/2020
In Committee
02/25/2020
02/25/2020
Crossed Over
Passed
Dead
01/11/2022
01/11/2022
Introduced Session
2020-2021 Regular Session
Bill Summary
This bill would allow municipalities to obtain bonus credit toward the fulfillment of their fair share affordable housing obligations for housing reserved for certain veterans. This bill would allow a municipality to receive one unit of credit and one- half bonus credit toward a municipality's fair share obligation for each unit of housing occupied, or reserved for occupancy, by a veteran of low or moderate income who had active service in time of war, as defined in current law. The bill would allow these bonus credits to apply regardless of any limitation on the percentage of a municipality's fair share obligation that may be satisfied through bonus credits. This legislation also permits a municipality to submit a housing element to the council that sets aside up to 35 percent of all new affordable housing for low and moderate income veterans who had active service in time of war, as defined by current law.
AI Summary
This bill allows municipalities to obtain bonus credit toward their fair share affordable housing obligations for housing units occupied or reserved for low or moderate income veterans who had active service in time of war, as defined by current law. The bill also permits municipalities to set aside up to 35 percent of all new affordable housing for these low and moderate income veterans.
Committee Categories
Housing and Urban Affairs
Sponsors (2)
Last Action
Introduced, Referred to Assembly Housing Committee (on 02/25/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2020/A3400 |
| BillText | https://www.njleg.state.nj.us/Bills/2020/A3500/3400_I1.HTM |
| Bill | https://www.njleg.state.nj.us/Bills/2020/A3500/3400_I1.PDF |
| BillText | https://www.njleg.state.nj.us/2020/Bills/A3500/3400_I1.HTM |
| Bill | https://www.njleg.state.nj.us/2020/Bills/A3500/3400_I1.PDF |
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