Bill
Bill > A5871
NJ A5871
NJ A5871Requires HMFA to assume administration of affirmative marketing for affordable housing and reduces municipal responsibility.
summary
Introduced
12/07/2023
12/07/2023
In Committee
12/18/2023
12/18/2023
Crossed Over
01/08/2024
01/08/2024
Passed
Dead
01/08/2024
01/08/2024
Introduced Session
2022-2023 Regular Session
Bill Summary
Requires HMFA to assume administration of affirmative marketing for affordable housing and reduces municipal responsibility.
AI Summary
This bill requires the New Jersey Housing and Mortgage Finance Agency (HMFA) to assume administrative responsibility for the affirmative marketing of affordable housing units. It reduces the municipal responsibility in this process by having the HMFA, in coordination with the municipal housing liaison, ensure compliance with the affirmative marketing requirements. The bill also increases the fines for noncompliance with these requirements, with the revenue generated from the fines deposited into the municipality's affordable housing trust fund.
Committee Categories
Budget and Finance, Housing and Urban Affairs
Sponsors (3)
Last Action
Passed by the Assembly (73-0-1) (on 01/08/2024)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2022/A5871 |
| Fiscal Note - Fiscal Estimate 1/4/24; as introduced | https://pub.njleg.gov/Bills/2022/A6000/5871_E1.PDF |
| Analysis - Statement AAP 2/18/23 | https://pub.njleg.gov/Bills/2022/A6000/5871_S2.PDF |
| Analysis - Statement AHO 12/11/23 | https://pub.njleg.gov/Bills/2022/A6000/5871_S1.PDF |
| BillText | https://pub.njleg.gov/Bills/2022/A6000/5871_I1.HTM |
Loading...