Bill
Bill > S3074
NJ S3074
NJ S3074Permits fair share affordable housing bonus credit for certain housing reserved for occupancy by teachers.
summary
Introduced
04/11/2024
04/11/2024
In Committee
04/11/2024
04/11/2024
Crossed Over
Passed
Dead
01/12/2026
01/12/2026
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 allows municipalities to receive extra credit towards their "fair share" affordable housing obligations for creating housing specifically for teachers. "Fair share" refers to a municipality's responsibility to provide a certain amount of affordable housing. Under this bill, for every unit of housing designated for low- or moderate-income households where at least one member is a teacher employed in a public or non-public school teaching preschool through grade 12, the municipality will get one and a half bonus credits. This means they get more credit than for a standard affordable housing unit, incentivizing them to build housing for these essential workers. The bill takes effect immediately.
Committee Categories
Housing and Urban Affairs
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee (on 04/11/2024)
Official Document
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/S3074 |
| BillText | https://pub.njleg.gov/Bills/2026/S3500/3074_I1.HTM |
| BillText | https://pub.njleg.gov/Bills/2024/S3500/3074_I1.HTM |
Loading...