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Bill > A4386


NJ A4386

NJ A4386
Permits fair share affordable housing bonus credit for certain transitional housing reserved for occupancy by veterans.


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 authorize certain transitional housing reserved for veterans to count for bonus credit against the fair share affordable housing obligation of a municipality. The bill would allow a municipality to obtain one credit and one bonus credit for each bedroom within transitional housing that is occupied, or restricted for occupancy for at least 10 years, by a low or moderate income veteran. As used in the bill, "transitional housing" refers to housing with on-site or off-site supportive services that facilitate the movement of individuals and families, who are homeless or lack stable housing to permanent housing, within a fixed amount of time. In order to count for bonus credits, transitional housing would have to be restricted to occupancy by veterans who are citizens and residents of New Jersey, who have been discharged from full-time active service in any branch of the Armed Forces of the United States, including every form of separation from active, full-time duty with military or naval pay and allowances, other than those marked "by sentence of general court martial," or "by sentence of summary court martial." This bill would take effect immediately upon enactment.

AI Summary

This bill allows municipalities to receive bonus credits towards their fair share affordable housing obligations for providing transitional housing specifically for veterans. Transitional housing is defined as housing that includes supportive services to help individuals and families move from homelessness or unstable housing to permanent housing within a set timeframe. For each bedroom in such housing that is occupied or designated for at least 10 years by a low or moderate-income veteran who is a New Jersey citizen and resident and has been honorably discharged from the U.S. Armed Forces (excluding those discharged by court-martial), the municipality will get one credit and one bonus credit. This provision aims to incentivize the creation of housing for veterans transitioning to stable living situations.

Committee Categories

Housing and Urban Affairs

Sponsors (1)

Last Action

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

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