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Bill > A2693
NJ A2693
NJ A2693Permits fair share affordable housing bonus credit for certain housing reserved for occupancy by teachers.
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 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, which are local government units, to receive extra credit towards their "fair share" housing obligations, a requirement to build a certain amount of affordable housing, for creating housing units specifically for low- and moderate-income households where at least one member is a teacher. A teacher is defined as someone employed to teach in preschool through 12th grade in either public or non-public schools. For each such housing unit created, the municipality will get one and a half bonus credits, meaning they get more credit than for a standard affordable housing unit, incentivizing the creation of housing for educators. This measure takes effect immediately upon its passage.
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/A2693 |
| BillText | https://pub.njleg.gov/Bills/2026/A3000/2693_I1.HTM |
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