STATEMENT TO

ASSEMBLY, No. 2390

with Senate Floor Amendments

(Proposed by Senator BURGESS)

ADOPTED: FEBRUARY 25, 2025

      The amendments to this bill accomplish the following:

· require that, during the first five years of a new round of affordable housing obligations, the Department of Community Affairs (DCA) is to provide priority consideration for certain financial assistance to municipalities that obtained compliance certification, or its equivalent, for the prior round, and are in compliance with certain additional criteria;

· adjust one of the additional criteria for financial assistance priority to consideration by DCA of whether the municipality has issued certificates of occupancy for new units that were part of the prior round of affordable housing obligations;

· require that, during the last five years of a round of affordable housing obligations, DCA is to provide priority consideration to municipalities that have obtained compliance certification for the current round, and have made substantial progress toward the fulfillment of that obligation;

· provide expressly that Qualified Urban Aid municipalities are to obtain priority consideration; and

· make technical changes and adjust the use of certain terminology.