A 2271 New Jersey General Assembly · 2024-2025 Regular Session

Requires association of age-restricted common interest community to permit dwelling owner to transfer property without regard to age of buyer.

This bill requires age-restricted community associations (like 55+ or 62+ housing developments) to permit property owners to sell or transfer their homes to buyers of any age, without the association blocking the sale based on the buyer’s age. It mandates that sellers provide a certification confirming the new owner will comply with federal "housing for older persons" rules (requiring 80%+ residents to meet age thresholds), but associations cannot refuse the transfer solely due to the buyer’s age. The Commissioner of Community Affairs can enforce this by penalizing associations that block valid transfers or buyers who allow non-compliant occupancy. It directly affects property owners seeking to sell and community associations managing age-restricted properties.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2024
Committee Review
Floor Vote
Governor
Introduced Jan 9, 2024 Last action Jan 9, 2024
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Jan 9, 2024
Introduced
Introduced in the Assembly, Referred to Assembly Housing Committee
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Yvonne Lopez
Yvonne Lopez
DDemocratic
NJ
19