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Bill > S2506
NJ S2506
NJ S2506Requires municipalities in compliance with affordable housing obligations be provided priority consideration for certain State grants and assistance.
summary
Introduced
02/05/2024
02/05/2024
In Committee
05/06/2024
05/06/2024
Crossed Over
Passed
Dead
Introduced Session
2024-2025 Regular Session
Bill Summary
This bill requires the Department of Community Affairs (DCA) and the New Jersey Economic Development Authority (EDA) to give priority consideration to municipalities that are in compliance with their affordable housing obligations in awarding grants or other financial assistance through the Main Street New Jersey Program, Neighborhood Preservation Program, or any other program administered by the DCA or the EDA through which monies are provided to a municipality via a competitive process. The bill's provisions would not apply to grants or financial assistance intended to help a municipality fulfill its affordable housing obligation. For the purposes of the bill, the Department of Community Affairs would consider, at a minimum, the following in determining a municipality's compliance in the first five years after a new round of affordable housing obligations begin: prior round builder's remedy lawsuits, prior round fair share settlements, the percentage of fulfilled obligation, and any other factor deemed relevant by the department.
AI Summary
This bill requires the Department of Community Affairs (DCA) and the New Jersey Economic Development Authority (EDA) to give priority consideration to municipalities that are in compliance with their affordable housing obligations when awarding grants or other financial assistance through certain programs. The bill provides guidance on how the DCA should determine a municipality's compliance, particularly during the first five years of a new round of affordable housing obligations. The bill's provisions would not apply to grants or financial assistance intended to help a municipality fulfill its affordable housing obligation.
Committee Categories
Housing and Urban Affairs
Sponsors (4)
Last Action
Substituted by A2390 (on 01/14/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2024/S2506 |
| Analysis - Statement SCU 5/6/24 | https://pub.njleg.gov/Bills/2024/S3000/2506_S1.PDF |
| BillText | https://pub.njleg.gov/Bills/2024/S3000/2506_I1.HTM |
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