Sponsored by:
Senator BENJIE E. WIMBERLY
District 35 (Bergen and Passaic)
SYNOPSIS
Authorizes municipality to meet affordable housing municipal obligations by developing property owned by certain public entities.
CURRENT VERSION OF TEXT
As introduced.
An Act concerning affordable housing municipal 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. As used in P.L. , c. (C. ) (pending before the Legislature as this bill:
"Public institution of higher education" means the State colleges or universities established pursuant to chapter 64 of Title 18A of the New Jersey Statutes, Rutgers, The State University, New Jersey Institute of Technology, Rowan University, Montclair State University, Kean University, all county colleges, and any other public university or college now or hereafter established or authorized by law.
"Public transportation authority" means the New Jersey Transit Corporation established pursuant to section 4 of P.L.1979, c.150 (C.27:25-4), the New Jersey Turnpike Authority established pursuant to section 3 of P.L.1948, c.454 (C.27:23-3), and the South Jersey Transportation Authority established pursuant to section 4 of P.L.1991, c.252 (C.27:25A-4).
2. In the determination and fulfillment of its municipal present and prospective obligations for the development of affordable housing in accordance with the formulas established in sections 6 and 7 of P.L.2024, c.2 (C.52:27D-304.2 and C.52:27D-304.3), and taking into consideration the calculations in the report published by the Department of Community Affairs in accordance with section 3 of P.L.2024, c.2 (C.52:27D-304.1), a municipal governing body may enter into an agreement with a school district, a public institution of higher education, a public transportation authority, or a public housing authority or redevelopment agency located within the municipality, to develop affordable housing on property that is owned by the public entity for the municipality to meet its municipal obligation for affordable housing.
Nothing in this section shall be construed to limit or negate any other requirements of State laws applicable to the purchasing, leasing, or selling of property by or for these public entities.
3. This act shall take effect immediately.
STATEMENT
This bill authorizes a municipal governing body to enter into an agreement with a school district, a public institution of higher education, a public transportation authority, or a public housing authority or redevelopment agency located within the municipality, to develop affordable housing on property that is owned by the public entity to meet its municipal obligation for affordable housing.