Sponsored by:
Assemblywoman DAWN FANTASIA
District 24 (Morris, Sussex and Warren)
Co-Sponsored by:
Assemblyman Azzariti Jr.
SYNOPSIS
Prohibits the imposition of affordable housing need and related fees upon the local transfer or move of a business.
CURRENT VERSION OF TEXT
As introduced.
An Act concerning affordable housing obligations and supplementing P.L.1985, c.222 (C.52:27D-301 et al.).
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. a. Notwithstanding section 7 of P.L.2024, c.2 (C.52:27D-304.3) or any regulation of the Department of Community Affairs to the contrary, the methodology calculating the fair share obligation of any municipality pursuant to the "Fair Housing Act," P.L.1985, c.222 (C.52:27D-301 et al), shall not include a requirement that affordable housing need is generated upon the move or transfer of any commercial or industrial entity from one location to another location within the same municipality, or within the same housing region, or upon a move or transfer of the entity within a 50 mile radius extending in all directions from the initial location of the entity.
b. A municipality shall not impose a fee for affordable housing purposes upon a developer meeting the criteria of subsection a. of this section.
2. This act shall take effect immediately.
STATEMENT
This bill prohibits methodology calculating the fair share obligation of any municipality from generating affordable housing need for a municipality upon the event of a commercial or industrial entity moving or relocating within the municipality, or within the same housing region of the municipality, or within a 50 mile radius extending in all directions from the initial location of the entity. Municipalities are prohibited from imposing a fee for affordable housing purposes upon a developer meeting the criteria set forth in the bill.