A 4938
Authorizes municipality to meet affordable housing municipal obligations by developing property owned by certain public entities.
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- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill allows municipalities in New Jersey to build affordable housing by partnering with public entities like school districts, universities, and transportation authorities. It enables them to utilize properties owned by these entities to fulfill their obligations under state affordable housing laws. The bill clarifies that this action doesn't override existing regulations regarding property sales or leases by these public agencies. The legislation aims to increase the availability of affordable housing by leveraging existing public land.
Sponsors
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Primary sponsors
Kenyatta Stewart
Vincent Kearney
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