NJ A586

Bill

NJ A586

Provides for expanded use of affordable housing voucher program funding.

Introduced
01/09/2024

In Committee
06/24/2024

Crossed Over

Passed

Dead
01/12/2026

Introduced Session

2024-2025 Regular Session

Bill Summary

Provides for expanded use of affordable housing voucher program funding.

AI Summary

This bill provides for the expanded use of the State's affordable housing voucher program funding. It allows the program to reserve a portion of the funds for a homeownership program, a self-sufficiency program, and a home repair emergency assistance fund. The bill also requires housing authorities that administer federal Section 8 vouchers to use a portion of those funds to implement a homeownership program or allow households to transfer to the State's homeownership program. The bill also authorizes the Department of Community Affairs to immediately adopt regulations to implement the provisions of the bill.

Committee Categories

Budget and Finance, Housing and Urban Affairs

Sponsors (11)

Reginald Atkins (D)*, Verlina Reynolds-Jackson (D)*, Sterley Stanley (D)*, Margie Donlon (D), Garnet Hall (D), Luanne Peterpaul (D), Annette Quijano (D), Gabriel Rodriguez (D), William Sampson (D), Michael Venezia (D), Benjie Wimberly (D),

Last Action

Substituted by S1430 (2R) (on 10/28/2024)

Official Document

https://www.njleg.state.nj.us/bill-search/2024/A586

(3 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://www.njleg.state.nj.us/bill-search/2024/A586
BillText	https://pub.njleg.gov/Bills/2024/A1000/586_I2.HTM
Analysis - Statement AAP 6/24/24 1R	https://pub.njleg.gov/Bills/2024/A1000/586_S2.PDF
Fiscal Note - Fiscal Estimate 6/25/24; 1R	https://pub.njleg.gov/Bills/2024/A1000/586_E2.PDF
BillText	https://pub.njleg.gov/Bills/2024/A1000/586_R1.HTM
Analysis - Statement AHO 5/13/24	https://pub.njleg.gov/Bills/2024/A1000/586_S1.PDF
Fiscal Note - Fiscal Estimate 4/29/24; as introduced	https://pub.njleg.gov/Bills/2024/A1000/586_E1.PDF
BillText	https://pub.njleg.gov/Bills/2024/A1000/586_I1.HTM

Bill	Bill Name	Last Action	Type
A5246	Requires expanded use of affordable housing voucher program funding for homeownership expense assistance.	Reported and Referred to Assembly Appropriations Committee	Carry Over
S1430	Provides for expanded use of affordable housing voucher program funding.	Approved P.L.2024, c.98.	Same As
S3585	Requires expanded use of affordable housing voucher program funding for homeownership expense assistance.	Referred to Senate Budget and Appropriations Committee	Carry Over

Bill > A586

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (11)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary