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NJ S465

NJ S465
Reauthorizes use of regional contribution agreements.


summary

Introduced
01/09/2018
In Committee
01/09/2018
Crossed Over
Passed
Dead
01/08/2020

Introduced Session

2018-2019 Regular Session

Bill Summary

This bill amends the Fair Housing Act to re-authorize the use of regional contribution agreements by municipalities to meet affordable housing needs. Since July 17, 2008, the effective date of P.L.2008, c.46, municipalities have been prohibited from using regional contribution agreements to address fair share housing obligations. This bill would re-authorize a municipality to propose transferring up to 50% of its fair share housing obligation to another municipality within its housing region through a regional contribution agreement. This matches the portion of a fair share housing obligation that had been transferrable prior to 2008.

AI Summary

This bill re-authorizes the use of regional contribution agreements by municipalities to meet affordable housing needs. Prior to 2008, municipalities were allowed to transfer up to 50% of their fair share housing obligation to another municipality within the same housing region through a regional contribution agreement. This bill would re-authorize this practice, allowing municipalities to propose transferring up to 50% of their fair share housing obligation to another municipality within their housing region.

Committee Categories

Housing and Urban Affairs

Sponsors (5)

Last Action

Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee (on 01/09/2018)

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