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Bill > S2312


NJ S2312

NJ S2312
Authorizes COAH to credit municipalities with 1.5 units of fair share affordable housing obligation for each unit of transitional housing occupied by a veteran.


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 transitional 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 transitional housing occupied by a veteran of low or moderate income 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 transitional housing reserved for certain veterans. Specifically, the Council on Affordable Housing (COAH) would be required to credit 1.5 units toward a municipality's fair share obligation for each unit of transitional housing occupied by a low or moderate income veteran with active service in time of war, as defined by current law. This provision is intended to incentivize the creation of transitional housing for veterans in need.

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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