NJ S604

Bill

NJ S604

Requires COAH to calculate affordable housing obligations on Statewide basis.

Introduced
01/11/2022

In Committee
01/11/2022

Crossed Over

Passed

Dead
01/08/2024

Introduced Session

2022-2023 Regular Session

Bill Summary

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.

AI Summary

This bill would change the calculation of affordable housing obligations to a Statewide perspective rather than a local level. The Council on Affordable Housing (COAH) would be responsible for determining the present and prospective need for low and moderate income housing at the State and regional levels, and would use a growth-share calculation method based on the growth of residential and non-residential development in the State. The bill also requires COAH to submit a report every five years on housing affordability, calculating the ratio of the median cost to maintain a home to the median income for the State, which would be used to update the growth-share calculation.

Committee Categories

Housing and Urban Affairs

Sponsors (2)

Holly Schepisi (R)*, Bob Singer (R)*,

Last Action

Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee (on 01/11/2022)

Official Document

https://www.njleg.state.nj.us/bill-search/2022/S604

(4 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://www.njleg.state.nj.us/bill-search/2022/S604
BillText	https://pub.njleg.gov/Bills/2024/S1000/604_I1.HTM
BillText	https://www.njleg.state.nj.us/Bills/2022/S1000/604_I1.HTM
Bill	https://www.njleg.state.nj.us/Bills/2022/S1000/604_I1.PDF

Bill	Bill Name	Last Action	Type
A1871	Requires COAH to calculate affordable housing obligations on Statewide basis.	Introduced, Referred to Assembly Housing Committee	Carry Over
A247	Requires COAH to calculate affordable housing obligations on Statewide basis.	Introduced, Referred to Assembly Housing Committee	Same As
S163	Requires COAH to calculate affordable housing obligations on Statewide basis.	Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee	Carry Over
S97	Establishes a regulatory program for rifle and shotgun ammunition sales.	Introduced in the Senate, Referred to Senate Law and Public Safety Committee	Carry Over

Bill > S604

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (2)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary