Bill
Bill > A5402
NJ A5402
Delays fourth round of affordable housing obligations, including present and prospective need and related litigation, until July 1, 2028.
summary
Introduced
05/08/2023
05/08/2023
In Committee
05/08/2023
05/08/2023
Crossed Over
Passed
Dead
01/08/2024
01/08/2024
Introduced Session
2022-2023 Regular Session
Bill Summary
Delays fourth round of affordable housing obligations, including present and prospective need and related litigation, until July 1, 2028.
AI Summary
This bill delays the fourth round of affordable housing obligations, including present and prospective need and related litigation, until July 1, 2028. The bill acknowledges the significant expenses municipalities have incurred in complying with fair share affordable housing obligations, the economic difficulties caused by the COVID-19 pandemic, and the challenges posed by inflation and high construction material costs. The bill aims to provide the legislature an opportunity to clarify the process for establishing regional need and municipal obligations with respect to affordable housing in New Jersey.
Committee Categories
Housing and Urban Affairs
Sponsors (5)
Last Action
Introduced, Referred to Assembly Housing Committee (on 05/08/2023)
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/A5402 |
| BillText | https://pub.njleg.gov/Bills/2022/A5500/5402_I1.HTM |
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