A 4765
Establishes additional factors for municipal adjustment used in calculating fair share affordable housing obligations; provides population-based cap for housing obligations.
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Sign in to take action- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill modifies how New Jersey municipalities calculate their obligations for affordable housing, known as ‘fair share’ requirements. It introduces additional factors for municipalities to consider when determining if they have sufficient land available for affordable housing, such as land owned for conservation or historic preservation. The bill also establishes a population-based cap on these housing obligations, aiming to balance local needs with statewide housing goals. It amends existing legislation to clarify these processes and provide municipalities with more flexibility.
Sponsors
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Primary sponsor
Cosponsors
Gerry Scharfenberger
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