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NJ A4525

Bill

Status

Introduced

3/9/2026

Primary Sponsor

Kenyatta Stewart

Click for details

Origin

General Assembly

2026-2027 Regular Session

AI Summary

  • Extends the deadline for submitting a temporary certificate of occupancy from June 30, 2028 to June 30, 2032 for certain qualified residential and mixed-use parking projects under New Jersey's Economic Redevelopment and Growth Grant (ERG) program.

  • Applies to projects in Garden State Growth Zones with populations over 125,000, excluding projects in Atlantic, Burlington, Camden, Cape May, Cumberland, Gloucester, Ocean, and Salem counties.

  • Covers residential or mixed-use parking projects approved after May 1, 2017 where the municipality submitted a letter of support identifying up to six projects before July 1, 2018.

  • Also applies to mixed-use parking projects undertaken by municipal redevelopers after July 29, 2022 that received redevelopment incentive grants under the program.

Legislative Description

Extends deadline for submission of temporary certificate of occupancy for certain qualified residential projects or mixed-use parking projects under Economic Redevelopment and Growth Grant program to June 30, 2032.

Commerce and Economic Development

Last Action

Introduced, Referred to Assembly Commerce and Economic Development Committee

3/9/2026

Committee Referrals

Commerce and Economic Development3/9/2026

Full Bill Text

No bill text available