Appropriates $125 million for creation of affordable housing to restore diversions from "New Jersey Affordable Housing Trust Fund."
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill directs the state to allocate $125 million to the New Jersey Affordable Housing Trust Fund. The funds are intended to restore money that was previously diverted from the Trust Fund during the 2026 budget process. These funds will be used to provide grants and loans for affordable housing projects and programs in municipalities that meet specific housing requirements. The bill is designed to increase the availability of affordable housing options in New Jersey.
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