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Bill > A4660


NJ A4660

NJ A4660
Increases maximum municipal percentage of affordable fair share housing satisfied by age-restricted units to 50 percent.


summary

Introduced
03/06/2017
In Committee
03/06/2017
Crossed Over
Passed
Dead
01/08/2018

Introduced Session

2016-2017 Regular Session

Bill Summary

This bill would establish the maximum percentage of a municipality's affordable fair share housing obligation which may be met by age-restricted units in a municipality at 50 percent. The Council on Affordable Housing adopted its third-round regulations, since partially invalidated by the courts, that reduced the percentage from 50 percent to 25 percent.

AI Summary

This bill establishes the maximum percentage of a municipality's affordable fair share housing obligation that can be met by age-restricted units at 50 percent. This overrides a previous reduction in the percentage from 50 percent to 25 percent made by the Council on Affordable Housing in its third-round regulations, which were partially invalidated by the courts.

Committee Categories

Housing and Urban Affairs

Sponsors (7)

Last Action

Introduced, Referred to Assembly Housing and Community Development Committee (on 03/06/2017)

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