Bill
Bill > A750
NJ A750
NJ A750Removes initial mortgage period on new construction from exemptions to municipal rent control and rent leveling ordinances.
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 would repeal sections 1 through 7 of P.L.1987, c.153 (C.2A:42-84.1 et seq.) in order to remove the initial mortgage period on new construction from the exemptions that are required by State law to be applied to municipal rent control and rent leveling ordinances. The bill would take effect immediately, and would apply to new construction for which an application for development is submitted subsequent to the effective date of this act.
AI Summary
This bill would remove an exemption that currently protects new construction from municipal rent control and rent leveling ordinances for a certain period after the mortgage is initially taken out. Rent control and rent leveling ordinances are local laws that limit how much landlords can increase rent and how often they can do so. By repealing specific sections of a 1987 law, this bill ensures that new buildings will be subject to these local rent regulations from the outset, specifically for any new construction where a complete application for development is submitted after the bill becomes law.
Committee Categories
Housing and Urban Affairs
Sponsors (1)
Last Action
Introduced, Referred to Assembly Housing Committee (on 01/13/2026)
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/2026/A750 |
| BillText | https://pub.njleg.gov/Bills/2026/A1000/750_I1.HTM |
Loading...