ASSEMBLY HOUSING COMMITTEE

STATEMENT TO

ASSEMBLY, No. 4626

with committee amendments

STATE OF NEW JERSEY

DATED:  DECEMBER 9, 2024

      The Assembly Housing Committee reports favorably and with committee amendments Assembly Bill No. 4626.

      As amended, this bill requires an application for a construction permit to disclose information sufficient to identify the anticipated amounts and sources of funding of the proposed construction project.  Additionally, the bill directs construction code enforcing agencies, as a condition of issuance of a certificate of occupancy, to require a construction permit applicant to either: certify that previously submitted funding information is still accurate; or to disclose updated, accurate construction project funding information.

      The requirements of the bill do not apply to: (1) a single-family home; (2) renovations or repairs of dwelling units, as defined in the bill; or (3) alterations or reconstruction of certain structures and buildings, including the alterations or reconstruction of an individual dwelling unit.

      The bill requires the Commissioner of Community Affairs to adopt rules and regulations to effectuate the provisions of the bill.

COMMITTEE AMENDMENTS:

      The committee amended the bill to:

· define the terms “dwelling unit” and “single-family home;”

· clarify that the requirements of the bill do not apply to: (1) a single-family home; (2) renovations or repairs of dwelling units; or (3) alterations or reconstruction of certain structures and buildings; and

· make technical changes.