Bill

Bill > S3645


NJ S3645

NJ S3645
Allows municipalities to establish affordable housing preference for their residents.


summary

Introduced
04/19/2021
In Committee
04/19/2021
Crossed Over
Passed
Dead
01/11/2022

Introduced Session

2020-2021 Regular Session

Bill Summary

This bill would allow a municipality to enter into agreements with developers to provide affordable housing occupancy preferences for low and moderate income current residents of the municipality of up to 50 percent of the affordable units in a particular project. Current law does not provide any preference for residents of a municipality for affordable housing located in the municipality. This bill would help residents of a municipality in need of affordable housing to be able to stay in their hometowns.

AI Summary

This bill would allow a municipality to enter into agreements with developers to provide affordable housing occupancy preferences for low and moderate income current residents of the municipality of up to 50 percent of the affordable units in a particular project. Under current law, there is no such preference for residents of a municipality for affordable housing located in the municipality. This bill aims to help residents of a municipality in need of affordable housing be able to stay in their hometowns.

Committee Categories

Housing and Urban Affairs

Sponsors (1)

Last Action

Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee (on 04/19/2021)

bill text


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