Bill

Bill > S2572


NJ S2572

NJ S2572
Allows municipalities to establish affordable housing preference for their residents.


summary

Introduced
05/14/2018
In Committee
05/14/2018
Crossed Over
Passed
Dead
01/08/2020

Introduced Session

2018-2019 Regular Session

Bill Summary

This bill would allow a municipality to enter into agreements with developers to provide affordable housing occupancy preferences for low and moderate income current residents of the municipality of up to 50 percent of the affordable units in a particular project. Current law does not provide any preference for residents of a municipality for affordable housing located in the municipality. This bill would help residents of a municipality in need of affordable housing to be able to stay in their hometowns.

AI Summary

This bill would allow a municipality to enter into agreements with developers to provide affordable housing occupancy preferences for low and moderate income current residents of the municipality of up to 50 percent of the affordable units in a particular project. Current law does not provide any preference for residents of a municipality for affordable housing located in the municipality. This bill would help residents of a municipality in need of affordable housing to be able to stay in their hometowns.

Committee Categories

Housing and Urban Affairs

Sponsors (3)

Last Action

Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee (on 05/14/2018)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...