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Bill > A1277


NJ A1277

NJ A1277
Delays fourth round of affordable housing obligations, including present and prospective need and related litigation, until July 1, 2028.


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 delay the start of the fourth round of affordable housing obligations, including present and prospective need and related litigation, set to commence in 2025, to July 1, 2028. For decades, New Jersey municipalities have expended significant taxpayer money to comply with affordable housing obligations. The State Supreme Court has recognized affordable housing policy is best left to the Legislature. Compounding the burden of litigation expenses, the COVID-19 pandemic led the Governor and Legislature to take drastic action, which shut down the State economy, causing severe economic difficulties for municipalities. These difficulties, and others, have presented and continue to present severe hardship for municipalities seeking to satisfy their affordable housing obligations. Reliance on data from the third round, therefore, will be even more critical in establishing fourth round present and prospective regional needs and affordable housing obligations. It is therefore necessary to delay the start of the fourth round of affordable housing obligations, including present and prospective need and related litigation, to July 1, 2028. This bill would not impair or affect any settlement or judgment concerning the obligation of a municipality that was issued or executed prior to the end of the third round of affordable housing obligations on July 1, 2025. The bill would expire on June 30, 2028.

AI Summary

This bill would delay the start of the fourth round of affordable housing obligations, including present and prospective need and related litigation, from 2025 to July 1, 2028. The bill cites the significant expenses incurred by municipalities in complying with affordable housing obligations, the economic difficulties caused by the COVID-19 pandemic, and the need to rely on more comprehensive data from the third round to establish regional needs and municipal obligations. The bill would not affect any existing settlements or judgments concerning a municipality's affordable housing obligations prior to the end of the third round on July 1, 2025, and would expire on June 30, 2028.

Committee Categories

Housing and Urban Affairs

Sponsors (4)

Last Action

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

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