BillTrack50 logo
Free Signup Login
Bill

Bill > A2820

NJ A2820

NJ A2820
Requires Division of Purchase and Property to issue annual report on State-owned property and potential for use as affordable housing.

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 require the Division of Purchase and Property in the Department of the Treasury to develop an inventory of all real property owned by the State. In consultation with other State entities with expertise in housing development, the bill requires the division to analyze the feasibility of developing, redeveloping, or renovating the various parcels of real property owned by the State for use as low and moderate income housing. The bill requires the division to develop its inventory and analysis into a report, and submit this report to the Governor and Legislature, on or before the first day of the 13th month following the bill's effective date. The bill requires the report to be updated and resubmitted to the Governor and Legislature on an annual basis. Following each annual submission, the bill requires the director of the division to post the report on the division's Internet website The bill would take effect immediately.

AI Summary

This bill requires the Division of Purchase and Property in the Department of the Treasury to develop an inventory of all real property owned by the State, analyze the feasibility of developing, redeveloping, or renovating these properties for use as low and moderate income housing, and submit an annual report on these findings to the Governor and Legislature. The report will also be posted on the division's website following each annual submission.

Committee Categories

Housing and Urban Affairs

Sponsors (1)

Last Action

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

bill text

bill summary

Loading...

bill summary

Loading...

bill summary

Document Type Source Location
State Bill Page https://www.njleg.state.nj.us/bill-search/2024/A2820
BillText https://pub.njleg.gov/Bills/2024/A3000/2820_I1.HTM
Loading...