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NJ A2522
Bill
Status
1/9/2024
Primary Sponsor
Erik Peterson
Click for details
AI Summary
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Municipality's fair share housing obligation would be deemed satisfied if at least 20% of housing stock is occupied by low and moderate income households and disabled housing units
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Municipalities below the 20% threshold must provide reasonable opportunity to develop additional affordable housing to meet the requirement; those meeting the threshold receive substantive certification and cannot face builder's remedy lawsuits
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Housing units occupied by low and moderate income senior citizens (age 65+ or surviving spouses 55+) may constitute up to 60% of a municipality's affordable housing stock for compliance purposes
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Adds new criteria to the Local Redevelopment and Housing Law allowing areas over 5 contiguous acres to be designated for redevelopment if they could serve low and moderate income senior citizens
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Requires municipalities to calculate their affordable housing percentage within 181 days of the federal decennial census publication using census data and Council on Affordable Housing income limits
Legislative Description
Requires calculation of need for low and moderate income housing units to be based current percentage of units occupied by low and moderate income individuals or families; revises "Local Redevelopment and Housing Law" to allow for senior citizen housing and community development.
Housing
Last Action
Introduced, Referred to Assembly Housing Committee
1/9/2024