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NJ A4143
Bill
Status
4/4/2024
Primary Sponsor
Christopher DePhillips
Click for details
AI Summary
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Municipalities receive 1 credit plus 0.5 bonus credit (1.5 total) toward their fair share affordable housing obligation for each low- or moderate-income housing unit occupied by a household with at least one teacher
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Teacher is defined as any person employed to teach preschool through grade 12 in either public or non-public schools
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At least one household member must be employed as a teacher at the time of initial occupancy to qualify for the bonus credit
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The housing unit must otherwise meet low- or moderate-income affordable housing requirements
Legislative Description
Permits fair share affordable housing bonus credit for certain housing reserved for occupancy by teachers.
Housing
Last Action
Introduced, Referred to Assembly Housing Committee
4/4/2024