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NJ A2964
Bill
Status
1/13/2026
Primary Sponsor
Erik Peterson
Click for details
AI Summary
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Municipalities would satisfy their fair share housing obligation if at least 20% of housing stock is occupied by low-and moderate-income households and disabled housing units.
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The percentage calculation uses census data: total households earning below affordable housing regional income limits plus disabled housing bedroom units, divided by total households, multiplied by 100.
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Senior citizen housing units may constitute up to 60% of a municipality's low-and moderate-income housing stock for compliance purposes.
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Amends the Local Redevelopment and Housing Law to add areas of five or more contiguous acres suitable for senior citizen residential and commercial development as qualifying for redevelopment designation.
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Municipalities meeting the 20% threshold would receive substantive certification and immunity from builder's remedy lawsuits.
Legislative Description
Requires calculation of need for low and moderate income housing units to be based current percentage of units occupied by low and moderate income individuals or families; revises "Local Redevelopment and Housing Law" to allow for senior citizen housing and community development.
Housing
Last Action
Introduced, Referred to Assembly Housing Committee
1/13/2026