Establishes process to exempt municipality from certain fair share affordable housing obligations based on flood risk.
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Progress
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- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill establishes a process for municipalities to be exempt from certain fair share affordable housing obligations if they are designated as extensively flood-prone. The Council on Affordable Housing, or its successor, would determine these exemptions based on factors like flood insurance data and the number of flood-related properties. The bill also requires the Commissioner of Community Affairs to develop rules and regulations for assessing flood risk and determining exemptions, aligning with existing fair housing laws.
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