Bill

Bill > A1296


NJ A1296

NJ A1296
Permits fair share affordable housing bonus credit for certain transitional housing reserved for occupancy by veterans.


summary

Introduced
01/09/2024
In Committee
01/09/2024
Crossed Over
Passed
Dead
01/12/2026

Introduced Session

2024-2025 Regular Session

Bill Summary

This bill would authorize certain transitional housing reserved for veterans to count for bonus credit against the fair share affordable housing obligation of a municipality. The bill would allow a municipality to obtain one credit and one bonus credit for each bedroom within transitional housing that is occupied, or restricted for occupancy for at least 10 years, by a low or moderate income veteran. As used in the bill, "transitional housing" refers to housing with on-site or off-site supportive services that facilitate the movement of individuals and families, who are homeless or lack stable housing to permanent housing, within a fixed amount of time. In order to count for bonus credits, transitional housing would have to be restricted to occupancy by veterans who are citizens and residents of New Jersey, who have been discharged from full-time active service in any branch of the Armed Forces of the United States, including every form of separation from active, full-time duty with military or naval pay and allowances, other than those marked "by sentence of general court martial," or "by sentence of summary court martial." This bill would take effect immediately upon enactment.

AI Summary

This bill would authorize certain transitional housing reserved for veterans to count for bonus credit against the fair share affordable housing obligation of a municipality. The bill would allow a municipality to obtain one credit and one bonus credit for each bedroom within transitional housing that is occupied, or restricted for occupancy for at least 10 years, by a low or moderate income veteran. Transitional housing refers to housing with on-site or off-site supportive services that facilitate the movement of individuals and families who are homeless or lack stable housing to permanent housing within a fixed amount of time, generally up to 24 months. The term "veteran" is defined as a citizen and resident of New Jersey who has been discharged from full-time active service in any branch of the Armed Forces of the United States, excluding those discharged by sentence of court martial.

Committee Categories

Housing and Urban Affairs

Sponsors (4)

Last Action

Introduced, Referred to Assembly Housing Committee (on 01/09/2024)

bill text


bill summary

Loading...

bill summary

Loading...

bill summary

Loading...