A 4990
Adjusts method of determining regional need for affordable housing; permits timeline extension for municipalities to determine and plan for adjusted fair share obligations based on revisions to regional need.
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Sign in to take action- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill adjusts how New Jersey determines the regional need for affordable housing. It changes the calculation method to rely on objective housing market data, specifically the number of new residential units, excluding replacements, between the last two federal census counts. The bill also extends timelines for municipalities to adjust their fair share obligations based on these revised regional need calculations, and revises the methodology for determining fair share obligations.
Sponsors
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Primary sponsor
Alex Sauickie
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