summary
Introduced
01/09/2024
01/09/2024
In Committee
01/09/2024
01/09/2024
Crossed Over
Passed
Dead
Introduced Session
2024-2025 Regular Session
Bill Summary
This bill would clarify that a municipality which receives an adjustment to the calculation of its affordable housing obligation under the State's Fair Housing Act, N.J.S.A.52:27D-301, et seq., shall be entitled to rely on this adjusted calculation for the duration of the 10-year compliance period. As such, should additional land become available during this time, a municipality would not be required to recalculate its affordable housing obligation nor means for addressing this obligation during that time. This bill will allow a municipality to make sound planning decisions and address its affordable housing obligation because these decisions will be based on a definitive number that will not be subject to change for the duration of the compliance period. The bill will afford municipalities a degree of certainty in making such decisions.
AI Summary
This bill would clarify that a municipality which receives an adjustment to the calculation of its affordable housing obligation under the State's Fair Housing Act can rely on this adjusted calculation for the duration of the 10-year compliance period. This means that if additional land becomes available during this time, the municipality would not be required to recalculate its affordable housing obligation or the means for addressing it. This will allow municipalities to make sound planning decisions and address their affordable housing obligation based on a definitive number that will not be subject to change for the duration of the compliance period, providing them with a degree of certainty in their decision-making.
Committee Categories
Housing and Urban Affairs
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee (on 01/09/2024)
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/2024/S859 |
| BillText | https://pub.njleg.gov/Bills/2024/S1000/859_I1.HTM |
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