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NJ A448

NJ A448
Allows municipalities to establish affordable housing preference for their residents.


summary

Introduced
01/11/2022
In Committee
01/11/2022
Crossed Over
Passed
Dead
01/08/2024

Introduced Session

2022-2023 Regular Session

Bill Summary

Allows municipalities to establish affordable housing preference for their residents.

AI Summary

This bill allows municipalities in New Jersey to establish an affordable housing preference of up to 50 percent for their residents when selecting tenants for affordable housing units in new developments. The preference would be implemented during the initial 90-day marketing period, after which remaining units would be opened to the general public. Residents placed on a special waiting list would then be given preference as additional units become available. This municipal affordable housing preference would not affect a municipality's ability to receive credit for the affordable units from the state's affordable housing council or its successor.

Committee Categories

Housing and Urban Affairs

Sponsors (7)

Last Action

Introduced, Referred to Assembly Housing Committee (on 01/11/2022)

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