Bill
Bill > A3523
NJ A3523
NJ A3523Allows municipalities to establish affordable housing preference for their residents.
summary
Introduced
02/05/2024
02/05/2024
In Committee
02/05/2024
02/05/2024
Crossed Over
Passed
Dead
01/12/2026
01/12/2026
Introduced Session
2024-2025 Regular Session
Bill Summary
This bill would allow a municipality to enter into agreements with developers to provide affordable housing occupancy preferences for low and moderate income current residents of the municipality of up to 50 percent of the affordable units in a particular project. Current law does not provide any preference for residents of a municipality for affordable housing located in the municipality. This bill would help residents of a municipality in need of affordable housing to be able to stay in their hometowns.
AI Summary
This bill would allow a municipality to enter into agreements with developers to provide affordable housing occupancy preferences for low and moderate income current residents of the municipality, up to 50% of the affordable units in a particular project. This would help residents of a municipality in need of affordable housing to be able to stay in their hometowns, as current law does not provide any preference for municipal residents for affordable housing located in the municipality.
Committee Categories
Housing and Urban Affairs
Sponsors (2)
Last Action
Introduced, Referred to Assembly Housing Committee (on 02/05/2024)
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/A3523 |
| BillText | https://pub.njleg.gov/Bills/2024/A4000/3523_I1.HTM |
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