S 2101 New Jersey Senate · 2024-2025 Regular Session

Allows municipalities to establish affordable housing preference for their residents.

This bill (S 2101) amends New Jersey's affordable housing law to allow municipalities to create a preference program for veterans who served in war or emergencies. Specifically, it permits municipalities to reserve up to 50% of affordable housing units in new developments for these veterans during the initial 90 days of marketing, with veterans placed on a separate waiting list after that period. The preference applies only to veterans meeting specific service criteria under existing law (N.J.S.A. 54:4-8.10) and does not affect a municipality's ability to claim credit for housing units toward their fair share requirement. This change provides a targeted mechanism for veterans to access affordable housing while maintaining existing affordability requirements.
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 Senate, Referred to Senate Community and Urban Affairs Committee
upper
1 primary · 1 co-sponsor

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