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Bill > A4645
NJ A4645
NJ A4645Authorizes bonus credits toward fair share affordable housing obligation for housing units occupied by veterans; permits affordable housing obligation satisfaction through veterans' set aside of up to 35 percent of fair share.
summary
Introduced
10/22/2018
10/22/2018
In Committee
10/22/2018
10/22/2018
Crossed Over
Passed
Dead
01/08/2020
01/08/2020
Introduced Session
2018-2019 Regular Session
Bill Summary
This bill would allow municipalities to obtain bonus credit toward the fulfillment of their fair share affordable housing obligations for housing reserved for certain veterans. This bill would allow a municipality to receive one unit of credit and one-half bonus credit toward a municipality's fair share obligation for each unit of housing occupied, or reserved for occupancy, by a veteran of low or moderate income who had active service in time of war, as defined in current law. The bill would allow these bonus credits to apply regardless of any limitation on the percentage of a municipality's fair share obligation that may be satisfied through bonus credits. This legislation also permits a municipality to submit a housing element to the council that sets aside up to 35 percent of all new affordable housing for low and moderate income veterans who had active service in time of war, as defined by current law.
AI Summary
This bill allows municipalities to obtain bonus credits toward their fair share affordable housing obligations for housing units occupied or reserved for low or moderate income veterans with active service during times of war, as defined by current law. Additionally, the bill permits municipalities to set aside up to 35% of their new affordable housing units for these veterans. The bill provides context by explaining the broader framework of municipal fair share obligations and affordable housing requirements.
Committee Categories
Housing and Urban Affairs
Sponsors (1)
Last Action
Introduced, Referred to Assembly Housing and Community Development Committee (on 10/22/2018)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| BillText | https://www.njleg.state.nj.us/2018/Bills/A5000/4645_I1.HTM |
| Bill | https://www.njleg.state.nj.us/2018/Bills/A5000/4645_I1.PDF |
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