A 4525
Extends deadline for submission of temporary certificate of occupancy for certain qualified residential projects or mixed-use parking projects under Economic Redevelopment and Growth Grant program to June 30, 2032.
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Bill overview
This bill extends the deadline for developers to submit temporary certificates of occupancy for specific residential and mixed-use parking projects receiving funding through the Economic Redevelopment and Growth Grant program. Currently, the deadline is June 30, 2028, but this bill pushes it back to June 30, 2032. The extension applies to projects approved after 2017 and located in designated Garden State Growth Zones, with certain exceptions regarding specific counties. This change aims to provide more time for developers to complete projects and potentially receive larger grant incentives.
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