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Bill > S2313


NJ S2313

NJ S2313
Authorizes COAH to credit municipalities with 1.5 units of fair share affordable housing obligation for each housing unit occupied by a veteran; permits municipalities to satisfy fair share affordable housing obligation through 35 percent set aside for veterans.


summary

Introduced
03/21/2022
In Committee
03/21/2022
Crossed Over
Passed
Dead
01/08/2024

Introduced Session

2022-2023 Regular Session

Bill Summary

This bill would allow municipalities to obtain credits toward the fulfillment of their fair share affordable housing obligations for housing reserved for certain veterans. This bill would require the Council on Affordable Housing to credit 1.5 units toward a municipality's fair share obligation for each unit of housing occupied by a veteran of low or moderate income. This legislation also permits a municipality to submit a housing element to the Council on Affordable Housing that sets aside 35 percent of all new affordable housing for low and moderate income veterans who had active service in time of war, as defined by current law.

AI Summary

This bill would allow municipalities to obtain credits toward the fulfillment of their fair share affordable housing obligations for housing reserved for certain veterans. The bill requires the Council on Affordable Housing to credit 1.5 units toward a municipality's fair share obligation for each unit of housing occupied by a veteran of low or moderate income. Additionally, this legislation permits a municipality to set aside 35% of all new affordable housing for low and moderate income veterans who had active service in time of war.

Committee Categories

Housing and Urban Affairs

Sponsors (1)

Last Action

Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee (on 03/21/2022)

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