ASSEMBLY HOUSING COMMITTEE

STATEMENT TO

ASSEMBLY, No. 2408

STATE OF NEW JERSEY

DATED:  MARCH 9, 2026

      The Assembly Housing Committee reports favorably Assembly Bill No. 2408.

      As reported, the bill amends the FY2026 appropriations act to reassign the $500,000 appropriated to the City of Camden for Capital Projects to Parkside Business & Community in Partnership, a 501(c)(3) non-profit organization local to Camden which integrates commercial revitalization, housing, and quality-of-life initiatives to restore, rather than replace, the neighborhood of Parkside in the City of Camden.

      This bill was prefiled for introduction in the 2026-2027 session pending technical review.  As reported, the bill includes the changes required by technical review, which has been performed.