NJ A461

Creates "Senior Citizen Tenant Protection Act" allowing New Jersey residents age 55+ who have lived in the same non-public housing unit for at least 10 years to apply for protected tenant status through the Department of Community Affairs

Limits rent increases for qualifying seniors to 75% of the annual Consumer Price Index increase, with the Commissioner publishing applicable rates by October 1 each year for different regions

Sets eligibility income threshold at $80,000 or less annually, to be adjusted in line with the homestead property tax reimbursement program and Social Security cost of living increases

Excludes tenants receiving federal Section 8 vouchers, State rental assistance, or other disqualifying rental assistance programs from protected status

Establishes penalties of $500 or triple the excess rent charged (whichever is greater) plus attorney fees for landlords who violate the rent increase limits, while allowing landlords to apply for hardship waivers if restrictions would prevent reasonable investment returns