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NJ S4781

Bill

Status

Introduced

10/27/2025

Primary Sponsor

Britnee Timberlake

Click for details

Origin

Senate

2024-2025 Regular Session

AI Summary

  • Appropriates $125 million from the General Fund to the New Jersey Affordable Housing Trust Fund to restore money previously diverted through the State Fiscal Year 2026 Appropriations Act

  • Funds will be used to award grants and loans for housing projects and programs in municipalities that have received compliance certification for their fair share plans and housing elements

  • The appropriation 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."

Community and Urban Affairs

Last Action

Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee

10/27/2025

Committee Referrals

Community and Urban Affairs10/27/2025

Full Bill Text

No bill text available