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Bill > S1951


NJ S1951

NJ S1951
Increases maximum municipal percentage of affordable fair share housing satisfied by age-restricted units to 50 percent.


summary

Introduced
01/13/2026
In Committee
01/13/2026
Crossed Over
Passed
Dead

Introduced Session

2026-2027 Regular Session

Bill Summary

This bill would establish the maximum percentage of a municipality's affordable fair share housing obligation which may be met by age-restricted units in a municipality at 50 percent. The Council on Affordable Housing adopted its third-round regulations, since partially invalidated by the courts, that reduced the percentage from 50 percent to 25 percent.

AI Summary

This bill increases the maximum percentage of a town's required affordable housing, known as its "affordable fair share housing obligation," that can be satisfied by building housing specifically for older adults, called "age-restricted units," to 50 percent. This means that up to half of a town's responsibility to create affordable housing can now be met with these age-restricted developments. This change reverses a previous regulation from the Council on Affordable Housing, which had lowered this percentage to 25 percent after being challenged in court.

Committee Categories

Housing and Urban Affairs

Sponsors (2)

Last Action

Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee (on 01/13/2026)

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