Bill
Bill > A5252
NJ A5252
NJ A5252Increases maximum municipal percentage of affordable fair share housing satisfied by age-restricted units to 50 percent.
summary
Introduced
02/28/2023
02/28/2023
In Committee
02/28/2023
02/28/2023
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 met by age-restricted units from the current, unspecified limit to 50 percent. This change in the law aims to provide municipalities with more flexibility in addressing their affordable housing requirements by allowing them to dedicate up to half of their affordable housing stock to age-restricted units, which are typically designed for older adults.
Committee Categories
Housing and Urban Affairs
Sponsors (2)
Last Action
Introduced, Referred to Assembly Housing Committee (on 02/28/2023)
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/A5252 |
| BillText | https://pub.njleg.gov/Bills/2022/A5500/5252_I1.HTM |
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