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Bill > A4143
NJ A4143
NJ A4143Permits fair share affordable housing bonus credit for certain housing reserved for occupancy by teachers.
summary
Introduced
04/04/2024
04/04/2024
In Committee
04/04/2024
04/04/2024
Crossed Over
Passed
Dead
Introduced Session
2024-2025 Regular Session
Bill Summary
This bill authorizes municipalities to obtain fair share affordable housing bonus credit for certain housing reserved for occupancy by low- and moderate-income households with at least one member of the household who is employed as a teacher. The bill would specifically permit a municipality to obtain one credit and one-half bonus credit for each unit of affordable housing reserved for occupancy by a low- or moderate-income teacher. The bill defines a teacher as a person employed in a public or non-public school to teach in preschool through grade 12. The bill would take effect immediately.
AI Summary
This bill authorizes municipalities to obtain fair share affordable housing bonus credit for certain housing reserved for occupancy by low- and moderate-income households with at least one member of the household who is employed as a teacher. Specifically, the bill permits a municipality to obtain one credit and one-half bonus credit for each unit of affordable housing reserved for occupancy by a low- or moderate-income teacher, defined as a person employed in a public or non-public school to teach in preschool through grade 12. The bill takes effect immediately.
Committee Categories
Housing and Urban Affairs
Sponsors (3)
Last Action
Introduced, Referred to Assembly Housing Committee (on 04/04/2024)
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/A4143 |
| BillText | https://pub.njleg.gov/Bills/2024/A4500/4143_I1.HTM |
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