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NJ A1581
Bill
Status
Introduced
1/13/2026
Primary Sponsor
Sean Kean
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AI Summary
- Reauthorizes regional contribution agreements (RCAs), allowing municipalities to transfer up to 50% of their affordable housing obligation to another municipality within the same housing region
- Reverses a 2008 prohibition (P.L.2008, c.46) that banned municipalities from using RCAs to meet fair share housing requirements
- Requires the Council on Affordable Housing to approve RCA agreements after county planning board review to ensure housing is provided near employment opportunities and aligns with regional planning
- Establishes contribution guidelines based on rehabilitation costs and subsidization amounts for low and moderate income units, with payments spread over up to ten years
- Mandates receiving municipalities file annual progress reports with the agency, which must be evaluated and enforced by the Council on Affordable Housing
Legislative Description
Reauthorizes use of regional contribution agreements.
Housing
Last Action
Introduced, Referred to Assembly Housing Committee
1/13/2026
Committee Referrals
Housing1/13/2026
Full Bill Text
No bill text available