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NJ A6059
Bill
Status
11/17/2025
Primary Sponsor
Shanique Speight
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AI Summary
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Appropriates $125 million from the General Fund to the New Jersey Affordable Housing Trust Fund to restore amounts diverted through the State Fiscal Year 2026 Appropriations Act
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Funds will be used for grants and loans to housing projects and programs in municipalities that have obtained compliance certification for their fair share plans and housing elements
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Authorizes the appropriation to support other purposes permitted under the existing Affordable Housing Trust Fund statute (C.52:27D-320)
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Takes effect immediately upon enactment
Legislative Description
Appropriates $125 million for creation of affordable housing to restore diversions from "New Jersey Affordable Housing Trust Fund."
Housing
Last Action
Introduced, Referred to Assembly Housing Committee
11/17/2025