Bill > A3310

Introduced Session

This bill would prohibit county and municipal governing bodies from entering into certain "community benefits agreements" for large cash payments, unless the agreement requires that 50 percent or more of that cash payment be dedicated to affordable housing purposes within the local community. Affordable housing purposes under this bill would mean the creation or rehabilitation of low or moderate income housing as those terms are defined by the "Fair Housing Act." The bill defines a community benefit agreement as a binding legal agreement involving the governing body of a municipality or county and a developer of a commercial or residential project under which the developer agrees to pay for or provide certain resources to accommodate and benefit local community interests. In exchange, for these community benefits, the governing body of the local unit and other community stakeholders agree to approve or provide support for the developer's project. Community benefits agreements can be an important and valuable tool for local government units and the communities which these local units serve. These agreements can provide funding for local services and benefits to the community, including, but not limited to, funding and other resources for infrastructure, housing, workforce training, and development. This bill would assure that when a large cash payment is realized by a local government as a result of an agreement, a substantial portion of such a monetary payment is utilized to address affordable housing needs within the community.

Committee Categories

Gabriel Rodriguez (D)*, 

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

Official Document