Permits municipality to obtain affordable housing credit for each resident of alternative living arrangement.
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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 allows New Jersey municipalities to receive credits towards their affordable housing obligations for residents living in alternative housing arrangements. These arrangements include facilities for the homeless, boarding homes, and group homes for individuals with disabilities. The bill establishes a one-to-one credit system, meaning one credit is awarded for each low- and moderate-income resident in these alternative living spaces, with affordability controls lasting at least 10 years.
Bill text
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Document of record
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Sponsors
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1 on record
Primary sponsor
Joseph Pennacchio
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