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Bill > A251
NJ A251
NJ A251Increases 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 establish the maximum percentage of a municipality's affordable fair share housing obligation that can be met by age-restricted units at 50 percent. This is an increase from the 25 percent limit set by the Council on Affordable Housing's third-round regulations, which have been partially invalidated by the courts.
Committee Categories
Housing and Urban Affairs
Sponsors (3)
Last Action
Introduced, Referred to Assembly Housing 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/A251 |
| BillText | https://pub.njleg.gov/Bills/2024/A0500/251_I1.HTM |
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