Bill
Bill > A3586
NJ A3586
NJ A3586Requires Division of Purchase and Property to issue annual report on State-owned property and potential for use as affordable housing.
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 require the Division of Purchase and Property in the Department of the Treasury to develop an inventory of all real property owned by the State. In consultation with other State entities with expertise in housing development, the bill requires the division to analyze the feasibility of developing, redeveloping, or renovating the various parcels of real property owned by the State for use as low and moderate income housing. The bill requires the division to develop its inventory and analysis into a report, and submit this report to the Governor and Legislature, on or before the first day of the 13th month following the bill's effective date. The bill requires the report to be updated and resubmitted to the Governor and Legislature on an annual basis. Following each annual submission, the bill requires the director of the division to post the report on the division's Internet website The bill would take effect immediately.
AI Summary
This bill requires the Division of Purchase and Property, a part of the Department of the Treasury, to create a comprehensive list of all land and buildings owned by the State, including those managed by its agencies and authorities. In collaboration with other state bodies that have expertise in building housing, such as the New Jersey Economic Development Authority, the New Jersey Redevelopment Authority, and the New Jersey Housing and Mortgage Finance Agency, the division must then assess how practical it would be to build, rebuild, or improve these state-owned properties to provide housing for people with low and moderate incomes. The findings from this inventory and assessment will be compiled into a report that must be submitted to the Governor and the Legislature within 13 months of the bill becoming law, and then updated and resubmitted annually thereafter, with each updated report also being posted on the division's website.
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
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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/A3586 |
| BillText | https://pub.njleg.gov/Bills/2026/A4000/3586_I1.HTM |
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