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Bill > A3734


NJ A3734

NJ A3734
Requires construction project applicants to disclose project financing.


summary

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

Introduced Session

2026-2027 Regular Session

Bill Summary

This bill requires an application for a construction permit to disclose information sufficient to identify the anticipated amounts and sources of funding of the proposed construction project. Additionally, the bill directs construction code enforcing agencies, as a condition of issuance of a certificate of occupancy, to require a construction permit applicant to either: certify that previously submitted funding information is still accurate; or to disclose updated, accurate construction project funding information. The requirements of the bill do not apply to: (1) a single-family home; (2) renovations or repairs of dwelling units, as defined in the bill; or (3) alterations or reconstruction of certain structures and buildings, including the alterations or reconstruction of an individual dwelling unit. The bill requires the Commissioner of Community Affairs to adopt rules and regulations to effectuate the provisions of the bill.

AI Summary

This bill requires applicants for construction permits to provide details about the expected funding amounts and where that money will come from for their projects. Before a certificate of occupancy, which is a permit to use a building, can be issued, the agency responsible for enforcing construction codes will need the applicant to either confirm their previously submitted funding information is still correct or provide updated, accurate details about the project's financing. However, these new requirements do not apply to single-family homes, or to renovations or repairs, or certain alterations and reconstructions of dwelling units, which are defined as individual living spaces within a larger building. The Commissioner of Community Affairs will be responsible for creating the specific rules and regulations to implement these changes.

Committee Categories

Housing and Urban Affairs

Sponsors (14)

Last Action

Introduced, Referred to Assembly Housing Committee (on 01/13/2026)

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