Sponsored by:
Assemblyman VINCENT M. "VINNIE" KEARNEY
District 21 (Middlesex, Morris, Somerset and Union)
SYNOPSIS
Concerns senior housing rental property exemption from municipal rent control ordinance.
CURRENT VERSION OF TEXT
As introduced.
An Act expanding inapplicability to certain senior housing of rent control ordinance exemption and amending P.L.1987, c.153.
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. Section 1 of P.L.1987, c.153 (C.2A:42-84.1) is amended to read as follows:
As used in [this act] P.L.1987, c.153 (C.2A:42-84.1 et seq.):
a. "Completion of construction" means issuance of a certificate of occupancy pursuant to section 15 of the "State Uniform Construction Code Act," [P.L. 1975, c. 217 (C. 52:27D-133)] P.L.1975, c.217 (C.52:27D-133);
b. "Constructed" means constructed, erected or converted but excludes rehabilitation of premises rented previously for residential purposes without an intervening use for other purposes for a period of at least two years prior to conversion. Mere vacancy shall not be considered an intervening use for the purposes of this subsection;
c. "Constructed after the effective date of this act" means constructed pursuant to a construction permit issued on or after the effective date of [this act] P.L.1987, c.153 (C.2A:42-84.1 et seq.);
d. "[Constructed] Dwelling units constructed for occupation by senior citizens" means [constructed under a governmental program restricting occupancy of at least 90% of the dwelling units to senior citizens and any members of their immediate households or their occupant surviving spouses,] "housing for older persons" as defined in subsection mm. of section 5 of P.L.1945, c.169 (C.10:5-5) or housing constructed as a retirement subdivision or retirement community as defined in the "Retirement Community Full Disclosure Act," [P.L. 1969, c. 215 (C. 45:22A-1 et seq.)] P.L.1969, c.215 (C.45:22A-1 et seq.);
e. "Multiple dwelling" means any building or structure and land appurtenant thereto containing four or more dwelling units, other than dwelling units constructed for occupation by senior citizens, rented or offered for rent to four or more tenants or family units;
f. "Period of amortization" means the time during which the principal amount of the mortgage loan and interest thereon would be paid entirely through periodic payments, whether or not the term of the mortgage loan is for a shorter period concluding with a balloon payment; and
g. ["Senior citizens" means persons 62 years of age or older.] Deleted by amendment, P.L. , c. .
(cf: P.L.1987, c.153, s.1)
2. This act shall take effect immediately and apply to tenancies commencing after that date.
STATEMENT
This bill amends an existing law that exempts certain properties from a municipal rent control ordinance to ensure that municipal rent control applies to dwelling units constructed for occupancy by households with at least one person 55 years of age or older per unit. Current law expressly provides this applicability only for senior citizens 62 years of age or older.