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NJ A750

Bill

Official Source

Status

Introduced

1/13/2026

Primary Sponsor

Al Abdelaziz

Click for details

Origin

General Assembly

2026-2027 Regular Session

AI Summary

  • Repeals sections 1 through 7 of P.L.1987, c.153 (C.2A:42-84.1 et seq.), which currently exempt new construction from municipal rent control during the initial mortgage period
  • Allows municipalities to apply rent control and rent leveling ordinances to newly constructed rental housing from the time of occupancy
  • Takes effect immediately upon enactment
  • Applies only to developments with complete applications submitted after the bill's effective date, meaning existing developments and pending applications retain the current exemption

Legislative Description

Removes initial mortgage period on new construction from exemptions to municipal rent control and rent leveling ordinances.

Housing

Last Action

Introduced, Referred to Assembly Housing Committee

1/13/2026

Committee Referrals

Housing1/13/2026

Full Bill Text

No bill text available