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NJ S4987
Bill
Status
12/15/2025
Primary Sponsor
Benjie Wimberly
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AI Summary
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Extends the deadline for developers to submit a temporary certificate of occupancy from June 30, 2028 to June 30, 2032 for certain qualified residential projects and mixed-use parking projects under New Jersey's Economic Redevelopment and Growth Grant (ERG) program
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Applies to residential and mixed-use parking projects approved after May 1, 2017 that are located in Garden State Growth Zones with populations over 125,000, excluding projects in Atlantic, Burlington, Camden, Cape May, Cumberland, Gloucester, Ocean, and Salem counties
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Requires that the municipality where the project is located must have submitted a letter of support identifying up to six projects to the New Jersey Economic Development Authority prior to July 1, 2018
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Also extends the deadline for mixed-use parking projects undertaken by municipal redevelopers after July 29, 2022 for which a redevelopment incentive grant was awarded under the program
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Amends P.L.2009, c.90 and P.L.2022, c.75 and takes effect immediately upon enactment
Legislative Description
Extends deadline for submission of certificate of temporary occupancy for certain qualified residential projects or mixed-use parking projects under Economic Redevelopment and Growth Grant program to June 30, 2032.
Economic Growth
Last Action
Introduced in the Senate, Referred to Senate Economic Growth Committee
12/15/2025