Loading chat...
NJ A251
Bill
Status
Introduced
1/9/2024
Primary Sponsor
Michael Inganamort
Click for details
AI Summary
-
Raises the maximum percentage of a municipality's affordable fair share housing obligation that can be satisfied through age-restricted units from 25 percent to 50 percent
-
Overrides any existing law, rule, or regulation that conflicts with this new 50 percent cap
-
Reverses the Council on Affordable Housing's third-round regulations that had previously reduced the age-restricted unit percentage from 50 percent to 25 percent
-
Takes effect immediately upon enactment
Legislative Description
Increases maximum municipal percentage of affordable fair share housing satisfied by age-restricted units to 50 percent.
Housing
Last Action
Introduced, Referred to Assembly Housing Committee
1/9/2024
Committee Referrals
Housing1/9/2024
Full Bill Text
No bill text available