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NJ A1722

Bill

Official Source

Status

Introduced

1/13/2026

Primary Sponsor

Verlina Reynolds-Jackson

Click for details

Origin

General Assembly

2026-2027 Regular Session

AI Summary

  • Appropriates $100 million as a supplemental grant to the Affordable Housing Production Fund within the Department of Community Affairs (DCA)
  • Funds will be provided as grants to municipalities to contract with developers for completing 100-percent affordable housing projects
  • A "100-percent affordable housing project" is defined as one where all residential units are constructed for low- and moderate-income households and included in a municipality's fair share housing obligation
  • The appropriation supplements the fiscal year 2024 budget (P.L.2023, c.74) and builds on the fund established under P.L.2022, c.49
  • Takes effect immediately upon enactment

Legislative Description

Makes supplemental appropriation of $100 million to Affordable Housing Production Fund in DCA for completion of 100-percent affordable housing projects.

Housing

Last Action

Introduced, Referred to Assembly Housing Committee

1/13/2026

Committee Referrals

Housing1/13/2026

Full Bill Text

No bill text available