Bill > A247

Introduced Session

This bill would change the calculation of affordable housing obligations to a Statewide perspective rather than a local level. In addition, under the bill, the Council on Affordable Housing would submit a report every five years on housing affordability. The report would calculate the ratio of the median cost, including property taxes, mortgage rates and payments, insurance, cost of utilities, and other necessary factors in the discretion of the council, to maintain the home to the median income for the State. This report would be used to update the growth-share calculation each time the council issues a report.

Committee Categories

Brian Bergen (R)*,  Nancy Muñoz (R)*,  Rob Clifton (R),  John DiMaio (R),  Aura Dunn (R),  Kimberly Eulner (R),  Vicky Flynn (R),  Sean Kean (R),  Michele Matsikoudis (R),  Greg McGuckin (R),  Bethanne Patrick (R),  Marilyn Piperno (R),  Kevin Rooney (R),  Edward Thomson (R), 

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

Official Document