NJ A4

Abolishes the Council on Affordable Housing (COAH) and transfers affordable housing oversight to the Department of Community Affairs and a new Affordable Housing Dispute Resolution Program within the court system

Establishes a new 10-year round system for municipal fair share affordable housing obligations beginning July 1, 2025, with specific deadlines: binding resolution by January 31, 2025; housing element and fair share plan by June 30, 2025; implementing ordinances by March 15, 2026

Sets caps on municipal prospective need obligations at either 1,000 housing units or 20 percent of total households (whichever is lower), and allows up to 30 percent of units to be age-restricted housing

Requires minimum 40-year deed restrictions for new rental affordable units, 30 years for for-sale units, and maintains requirements that at least 50 percent of units be available to families and 25 percent be rental housing

Appropriates $16 million total: $12 million to the Affordable Housing Dispute Resolution Program and $4 million to the Department of Community Affairs for implementation