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NJ A1247
Bill
Status
1/13/2026
Primary Sponsor
Michael Inganamort
Click for details
AI Summary
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Increases the maximum percentage of a municipality's affordable fair share housing obligation that can be satisfied through age-restricted units from 25 percent to 50 percent
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Overrides any existing law, rule, or regulation that sets a lower cap on age-restricted units counting toward fair share housing requirements
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Reverses a previous Council on Affordable Housing (COAH) third-round regulation that had reduced the age-restricted unit cap from 50 percent to 25 percent
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Takes effect immediately upon enactment
Legislative Description
Increases maximum municipal percentage of affordable fair share housing satisfied by age-restricted units to 50 percent.
Housing
Last Action
Introduced, Referred to Assembly Housing Committee
1/13/2026