Bill
Bill > A1647
summary
Introduced
01/09/2018
01/09/2018
In Committee
01/09/2018
01/09/2018
Crossed Over
Passed
Dead
01/08/2020
01/08/2020
Introduced Session
2018-2019 Regular Session
Bill Summary
This bill would change the calculation of affordable housing obligations to a Statewide perspective rather than a local level. In addition, under the bill, the Council on Affordable Housing would submit a report every five years on housing affordability. The report would calculate the ratio of the median cost, including property taxes, mortgage rates and payments, insurance, cost of utilities, and other necessary factors in the discretion of the council, to maintain the home to the median income for the State. This report would be used to update the growth-share calculation each time the council issues a report.
AI Summary
This bill would change the calculation of affordable housing obligations to a Statewide perspective rather than a local level. The Council on Affordable Housing (COAH) would submit a report every five years on housing affordability, calculating the ratio of the median cost to maintain a home to the median income for the State. This report would be used to update the growth-share calculation of affordable housing obligations.
Committee Categories
Housing and Urban Affairs
Sponsors (11)
Tony Bucco (R)*,
Holly Schepisi (R)*,
Jon Bramnick (R),
Rob Clifton (R),
BettyLou DeCroce (R),
John DiMaio (R),
Sean Kean (R),
Greg McGuckin (R),
Nancy Muñoz (R),
Kevin Rooney (R),
Edward Thomson (R),
Last Action
Introduced, Referred to Assembly Housing and Community Development Committee (on 01/09/2018)
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| BillText | https://www.njleg.state.nj.us/2018/Bills/A2000/1647_I1.HTM |
| Bill | https://www.njleg.state.nj.us/2018/Bills/A2000/1647_I1.PDF |
Loading...