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Bill > S2106
NJ S2106
NJ S2106Increases maximum municipal percentage of affordable fair share housing satisfied by age-restricted units to 50 percent.
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 establish the maximum percentage of a municipality's affordable fair share housing obligation which may be met by age-restricted units in a municipality at 50 percent. The Council on Affordable Housing adopted its third-round regulations, since partially invalidated by the courts, that reduced the percentage from 50 percent to 25 percent.
AI Summary
This bill would increase the maximum percentage of a municipality's affordable fair share housing obligation that can be met by age-restricted units from 25 percent to 50 percent. The Council on Affordable Housing had previously reduced the allowable percentage from 50 percent to 25 percent, but this bill would reverse that change and restore the higher 50 percent limit.
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/S2106 |
| BillText | https://pub.njleg.gov/Bills/2024/S2500/2106_I1.HTM |
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