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Bill > A4


NJ A4

NJ A4
Reforms municipal responsibilities concerning provision of affordable housing; abolishes COAH; appropriates $16 million.


summary

Introduced
01/09/2024
In Committee
03/11/2024
Crossed Over
03/18/2024
Passed
03/18/2024
Dead
Signed/Enacted/Adopted
03/20/2024

Introduced Session

2024-2025 Regular Session

Bill Summary

An Act concerning affordable housing, including administration and municipal obligations, amending, supplementing, and repealing various parts of the statutory law, and making an appropriation.

AI Summary

This bill abolishes the Council on Affordable Housing (COAH) and establishes a new process for municipalities to determine their present and prospective affordable housing obligations, with oversight and dispute resolution by the newly created Affordable Housing Dispute Resolution Program. The bill provides formulas and deadlines for municipalities to calculate and adopt their affordable housing obligations, and allows for review and challenges to these determinations. It also amends various related laws, such as those governing development fees and the New Jersey Affordable Housing Trust Fund. The bill appropriates $16 million, with $12 million for the Affordable Housing Dispute Resolution Program and $4 million for the Department of Community Affairs to carry out responsibilities under the new law.

Committee Categories

Budget and Finance, Housing and Urban Affairs

Sponsors (21)

Last Action

Approved P.L.2024, c.2. (on 03/20/2024)

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