S 3116
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 submitting temporary certificates of occupancy for certain residential and mixed-use parking projects receiving Economic Redevelopment and Growth Grant funding in New Jersey. Specifically, it pushes the deadline to June 30, 2032. The bill aims to provide more time for developers to complete these projects, which are often complex and require significant redevelopment efforts. It also clarifies how tax credits are awarded for these projects, particularly in specific geographic areas and for certain types of developments.
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