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Bill > A1722
NJ A1722
NJ A1722Makes supplemental appropriation of $100 million to Affordable Housing Production Fund in DCA for completion of 100-percent affordable housing projects.
summary
Introduced
01/13/2026
01/13/2026
In Committee
01/13/2026
01/13/2026
Crossed Over
Passed
Dead
Introduced Session
2026-2027 Regular Session
Bill Summary
This bill provides a supplemental appropriation of $100 million to the Affordable Housing Production Fund (fund) in the Department of Community Affairs. The purpose of the fund is to provide financial assistance to municipalities to support the completion of 100-percent affordable housing projects. The fund was established pursuant to P.L.2022, c.49. Under the law, "100-percent affordable housing project" means an affordable housing project in which 100-percent of the residential units are constructed for occupancy by low- and moderate-income households and that has been identified in a fair share affordable housing obligation judgment of repose entered into by the municipality.
AI Summary
This bill provides an additional $100 million from the General Fund to the Affordable Housing Production Fund, which is managed by the Department of Community Affairs (DCA). This fund, established by a previous law (P.L.2022, c.49), offers financial aid to towns to help finish housing developments where all residential units are designated for low- and moderate-income households, and these projects have been specifically identified as part of a municipality's court-ordered or agreed-upon affordable housing obligations. The additional funding will be used to award grants to municipalities so they can hire developers to complete these "100-percent affordable housing projects."
Committee Categories
Housing and Urban Affairs
Sponsors (3)
Last Action
Introduced, Referred to Assembly Housing Committee (on 01/13/2026)
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/2026/A1722 |
| BillText | https://pub.njleg.gov/Bills/2026/A2000/1722_I1.HTM |
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