Bill Text: NJ S3651 | 2020-2021 | Regular Session | Introduced

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Bill Title: Increases maximum municipal percentage of affordable fair share housing satisfied by age-restricted units to 50 percent.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2021-04-19 - Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee [S3651 Detail]

Download: New_Jersey-2020-S3651-Introduced.html

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SENATE, No. 3651

STATE OF NEW JERSEY

219th LEGISLATURE

 

INTRODUCED APRIL 19, 2021

 

 

Sponsored by:

Senator  HOLLY T. SCHEPISI

District 39 (Bergen and Passaic)

 

 

 

 

SYNOPSIS

     Increases maximum municipal percentage of affordable fair share housing satisfied by age-restricted units to 50 percent

 

CURRENT VERSION OF TEXT

     As introduced.

  

An Act concerning age-restricted affordable housing units and supplementing Title 45 of the Revised Statutes.

 

     Be It Enacted by the Senate and General Assembly of the State of New Jersey:

 

     1.  Notwithstanding any law, rule, or regulation to the contrary, the maximum percentage of a municipality's affordable fair share housing obligation which the municipality may meet by age-restricted units shall be 50 percent.

 

     2.  This act shall take effect immediately.

 

 

STATEMENT

 

     This bill would establish the maximum percentage of a municipality's affordable fair share housing obligation which may be met by age-restricted units in a municipality at 50 percent.  The Council on Affordable Housing adopted its third-round regulations, since partially invalidated by the courts, that reduced the percentage from 50 percent to 25 percent.