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Bill > S893


NJ S893

NJ S893
Establishes "Commission on Statewide Affordable Housing Obligations" to determine Statewide need for low and moderate income housing.


summary

Introduced
01/09/2024
In Committee
01/09/2024
Crossed Over
Passed
Dead

Introduced Session

2024-2025 Regular Session

Bill Summary

This bill establishes the "Commission on Statewide Affordable Housing Obligations" to evaluate and determine the Statewide need for affordable housing. The commission is to consist of four members, as follows: one member appointed by the Senate President, one member appointed by the Senate Minority Leader, one member appointed by the Speaker of the General Assembly, and one member appointed by the Assembly Minority Leader. The commission is to be responsible for evaluating and determining the present and prospective need for low and moderate income housing at the Statewide level. Specifically, the commission would: (1) identify and access the factors influencing housing affordability that may affect the Statewide need for low and moderate income housing; (2) evaluate and establish methods for calculating the Statewide present and prospective need for low and moderate income housing; and (3) determine the Statewide present and prospective need for low and moderate income housing for every five-year period. The commission is to submit a report of its findings and determinations within six months of its organization, and every five years thereafter. The members of the commission are to serve without compensation, but may be reimbursed for necessary expenses incurred in the performance of their duties to the extent that funds are made available. Under the bill, the commission is entitled to use the services and expertise of the Office of Local Planning Services in the Department of Community Affairs.

AI Summary

This bill establishes the "Commission on Statewide Affordable Housing Obligations" to evaluate and determine the present and prospective need for low and moderate income housing at the statewide level. The commission, which consists of four legislative members, is responsible for identifying factors influencing housing affordability, establishing methods for calculating the statewide need, and determining the statewide present and prospective need for low and moderate income housing every five years. The commission is required to submit a report of its findings and determinations within six months of its organization and every five years thereafter. The bill also removes the requirement for the Council on Affordable Housing to estimate the present and prospective need for low and moderate income housing at the state and regional levels.

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)

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