Bill
Bill > S337
summary
Introduced
01/11/2022
01/11/2022
In Committee
12/01/2022
12/01/2022
Crossed Over
Passed
Dead
01/08/2024
01/08/2024
Introduced Session
2022-2023 Regular Session
Bill Summary
Expands financing opportunities for low and moderate income housing.
AI Summary
This bill expands financing opportunities for low and moderate income housing. It amends various provisions of the law governing the New Jersey Housing and Mortgage Finance Agency, including allowing the agency to provide non-amortizing loans to facilitate the preservation of affordable housing units, streamlining approval processes, and encouraging participation by minority-, women-, and veteran-owned businesses. The bill also requires the agency to provide a proportionate share of any savings from refinancing existing projects to the participating projects and permits project sponsors to repay any agency mortgage without penalty starting 10 years after issuance.
Committee Categories
Budget and Finance, Housing and Urban Affairs
Sponsors (2)
Last Action
Referred to Senate Budget and Appropriations Committee (on 12/01/2022)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2022/S337 |
| Fiscal Note - Fiscal Estimate 2/21/23; 1R | https://pub.njleg.gov/Bills/2022/S0500/337_E1.PDF |
| BillText | https://pub.njleg.gov/Bills/2022/S0500/337_R1.HTM |
| Bill | https://pub.njleg.gov/Bills/2022/S0500/337_R1.PDF |
| Analysis - Statement SCU 12/1/22 | https://pub.njleg.gov/Bills/2022/S0500/337_S1.PDF |
| BillText | https://pub.njleg.gov/Bills/2022/S0500/337_I1.HTM |
| Bill | https://pub.njleg.gov/Bills/2022/S0500/337_I1.PDF |
| BillText | https://www.njleg.state.nj.us/Bills/2022/S0500/337_I1.HTM |
| Bill | https://www.njleg.state.nj.us/Bills/2022/S0500/337_I1.PDF |
Loading...