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NJ A3466
Bill
Status
Introduced
1/13/2026
Primary Sponsor
Yvonne Lopez
Click for details
AI Summary
- Requires age-restricted community associations in New Jersey to permit dwelling owners to sell or transfer their property to buyers of any age, regardless of whether the buyer meets the community's age restrictions
- Purchasers or grantees must still certify that the unit will be occupied by someone who meets the federal "housing for older persons" age requirements (62+ or 55+ depending on community type)
- Authorizes the Commissioner of Community Affairs to assess penalties against associations that improperly restrict property transfers based on buyer age
- Authorizes penalties against purchasers or grantees who allow occupancy by persons whose age would violate federal housing for older persons requirements
- Amends P.L.2008, c.71 and takes effect immediately upon enactment
Legislative Description
Requires association of age-restricted common interest community to permit dwelling owner to transfer property without regard to age of buyer.
Housing
Last Action
Introduced, Referred to Assembly Housing Committee
1/13/2026
Committee Referrals
Housing1/13/2026
Full Bill Text
No bill text available