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NJ A756
Bill
Status
Introduced
1/13/2026
Primary Sponsor
Al Abdelaziz
Click for details
AI Summary
- Reduces the timeframe for a municipality to designate property as abandoned from six months to three months of being legally unoccupied
- Shortens the period during which rehabilitation or construction inactivity triggers abandonment classification from six months to three months
- Requires tax sale certificate holders to initiate foreclosure proceedings within three months (reduced from six months) after eligibility to avoid property placement on the abandoned property list
- Applies to mixed-use properties where two-thirds or more of the building was previously residential space
- Takes effect on the first day of the fourth month following enactment
Legislative Description
Shortens timeframe for municipality to rehabilitate certain abandoned property.
Housing
Last Action
Introduced, Referred to Assembly Housing Committee
1/13/2026
Committee Referrals
Housing1/13/2026
Full Bill Text
No bill text available