Bill

Bill > A4400


NJ A4400

NJ A4400
Waives certain inspection fees for municipally owned affordable housing developments.


summary

Introduced
02/19/2026
In Committee
02/19/2026
Crossed Over
Passed
Dead

Introduced Session

2026-2027 Regular Session

Bill Summary

This bill would waive the fees for the initial five-year inspection under the "Hotel and Multiple Dwelling Law," P.L.1967, c.76 (C.55:13A-1 et seq.) for municipally owned affordable housing developments. To qualify for this fee waiver, a multiple dwelling would have to be owned by a municipality and every unit in the building would have to be dedicated as affordable housing. This bill would help limit the costs borne by municipalities, and ultimately property taxpayers, in the production of affordable housing.

AI Summary

This bill would waive the inspection fees for the initial five-year inspection required under the Hotel and Multiple Dwelling Law for affordable housing developments that are owned by a municipality or a municipal agency, and where every unit in the building is designated as affordable housing, meaning it is rented or sold at below-market rates to individuals or families who meet specific income criteria. This change aims to reduce the financial burden on municipalities and, consequently, on property taxpayers, when developing affordable housing.

Committee Categories

Housing and Urban Affairs

Sponsors (1)

Last Action

Introduced, Referred to Assembly Housing Committee (on 02/19/2026)

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