Prohibits the imposition of affordable housing need and related fees upon the local transfer or move of a business.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
This bill prevents New Jersey municipalities from requiring businesses to contribute to affordable housing costs when they move or relocate within the town or a surrounding area. Specifically, it stops the Council on Affordable Housing from calculating affordable housing needs based on a business’s transfer. It also prevents municipalities from charging developers fees related to affordable housing when they move a business within these defined areas. The goal is to reduce potential financial burdens on businesses relocating within the state.
Bill text
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Document of record
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Sponsors
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2 on record
Primary sponsor
James Holzapfel
Cosponsor
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