A 691 New Jersey General Assembly · 2024-2025 Regular Session

Restricts occupancy of dwelling unit in age-restricted community to older adults following resale.

This bill requires that when a dwelling unit in an age-restricted community in New Jersey is resold (including through foreclosure, bankruptcy, or tax sales), the new purchaser must certify that the unit will be occupied by an older adult meeting federal "housing for older persons" standards under the Fair Housing Amendments Act of 1988. It applies directly to buyers of units in such communities after the initial developer sale, ensuring these properties maintain their legally recognized status. The certification must be submitted before resale and recorded, with the unit's occupancy restricted to qualifying older adults regardless of whether the sale was for affordable housing. The bill clarifies that "resale" includes non-traditional sales like foreclosures, preventing unintended loss of the community's age-restricted designation.
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 Aging and Human Services Committee
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
MT
Mike Torrissi
RRepublican
NJ
8