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Bill > S624
NJ S624
NJ S624Increases maximum municipal percentage of affordable fair share housing satisfied by age-restricted units to 50 percent.
summary
Introduced
01/11/2022
01/11/2022
In Committee
01/11/2022
01/11/2022
Crossed Over
Passed
Dead
01/08/2024
01/08/2024
Introduced Session
2022-2023 Regular Session
Bill Summary
Increases maximum municipal percentage of affordable fair share housing satisfied by age-restricted units to 50 percent.
AI Summary
This bill increases the maximum percentage of a municipality's affordable fair share housing obligation that can be satisfied by age-restricted units from the current limit to 50 percent. This change provides municipalities with more flexibility in meeting their affordable housing requirements by allowing them to designate a higher proportion of age-restricted units as part of their affordable housing plans.
Committee Categories
Housing and Urban Affairs
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee (on 01/11/2022)
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/2022/S624 |
| BillText | https://www.njleg.state.nj.us/Bills/2022/S1000/624_I1.HTM |
| Bill | https://www.njleg.state.nj.us/Bills/2022/S1000/624_I1.PDF |
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