Bill
Bill > S2101
NJ S2101
NJ S2101Allows municipalities to establish affordable housing preference for their residents.
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 allow a municipality to enter into agreements with developers to provide affordable housing occupancy preferences for low and moderate income current residents of the municipality of up to 50 percent of the affordable units in a particular project. Current law does not provide any preference for residents of a municipality for affordable housing located in the municipality. This bill would help residents of a municipality in need of affordable housing to be able to stay in their hometowns.
AI Summary
This bill would allow municipalities in New Jersey to enter into agreements with developers to provide affordable housing occupancy preferences for low and moderate-income current residents of the municipality, up to 50% of the affordable units in a particular project. This would help residents in need of affordable housing to be able to stay in their hometowns, whereas current law does not provide any such preference for municipal residents. The bill would not affect a municipality's ability to receive credit for the affordable units from the state's housing council or its successor.
Committee Categories
Housing and Urban Affairs
Sponsors (2)
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/S2101 |
| BillText | https://pub.njleg.gov/Bills/2024/S2500/2101_I1.HTM |
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