NJ S4832

Authorizes New Jersey municipalities to establish Municipal Homelessness Trust Funds by ordinance after adopting a homeless housing plan developed in consultation with the Department of Community Affairs and community-based organizations.

Permits municipalities to impose an additional fee of up to $5 on existing fines and penalties (such as parking tickets and court fines) to fund the trust fund.

Trust fund monies must be spent within four years of collection; unspent funds transfer to the Department of Community Affairs for contracting with community-based organizations serving that municipality.

Administrative costs are capped at 5% annually of total deposits, and funds cannot be used to pay municipal debt principal or interest.

Grants from the fund support permanent affordable housing acquisition/construction, rental assistance vouchers, supportive services including temporary hotel accommodations, and homelessness prevention services.