Sponsored by:
Senator TROY SINGLETON
District 7 (Burlington)
Senator SHIRLEY K. TURNER
District 15 (Hunterdon and Mercer)
SYNOPSIS
Requires State to issue biennial report of unutilized State-owned property and potential for use as affordable housing.
CURRENT VERSION OF TEXT
As introduced.
An Act requiring biennial report of unutilized State-owned property and its potential for use as affordable housing, and supplementing Title 52 of the Revised Statutes.
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. The Department of the Treasury shall develop an inventory of all unutilized real property owned by the State, including property owned by an agency, authority, or other instrumentality of the State. Each State entity, including, but not limited to, the New Jersey Economic Development Authority, the New Jersey Redevelopment Authority, and the New Jersey Housing and Mortgage Finance Agency, shall biennially submit a list of unutilized real property under its jurisdiction to the State House Commission and to the Department of the Treasury. The State House Commission and the Department of the Treasury shall collaboratively compile the lists of unutilized real property submitted by State entities and shall undertake an analysis of those properties to indicate the feasibility of developing, redeveloping, or renovating each identified parcel of real property owned by the State for use as low-income and moderate-income housing, as defined pursuant to section 4 of P.L.1985, c.222 (C.52:27D-304). The State House Commission and the Department of the Treasury shall develop their inventory and analysis into a report, and shall submit this report to the Governor and, pursuant to section 2 of P.L.1991, c.164 (C.52:14-19.1), to the Legislature, on or before the first day of the 13th month next following the effective date of P.L. , c. (C. ) (pending before the Legislature as this bill). The report shall be updated and resubmitted to the Governor and Legislature on a biennial basis after the initial submission. Following each biennial submission of the report to the Governor and Legislature, the Department of the Treasury shall post the report on the department’s Internet website.
As used in this section, “unutilized property” means a parcel of real property that is owned by the State, and which parcel: does not actively provide employee housing, is not actively generating revenue for the State through a lease or other agreement, and is not actively serving a legitimate public purpose.
2. This act shall take effect immediately.
STATEMENT
This bill requires the Department of the Treasury to develop an inventory of all unutilized real property owned by the State. The bill requires State entities to biennially submit a list of unutilized real property under their jurisdictions to the State House Commission and to the Department of the Treasury. The State House Commission and the Department of the Treasury are to compile the lists submitted by the State entities and analyze those properties to indicate the feasibility of developing, redeveloping, or renovating the properties owned by the State for use as low- and moderate-income housing. The bill requires the State House Commission and Department of the Treasury to develop their inventory and analysis into a report, and submit this report to the Governor and Legislature, on or before the first day of the 13th month following the bill’s effective date. The bill requires the report to be updated and resubmitted to the Governor and Legislature on a biennial basis. Following each biennial submission, the bill requires the Department of the Treasury to post the report on the department’s Internet website.
The bill would take effect immediately.