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The original item was published from 6/18/2019 3:04:21 PM to 8/19/2019 12:00:03 AM.

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Posted on: June 18, 2019

[ARCHIVED] Assembly Committee Releases Affordable Housing Bill

Yesterday, A-4414, a bill which the League opposes, was reported out of the Assembly Housing and Community Development Committee with a committee substitute. The League understands the need for affordable housing, and appreciates legislative efforts to come up with a solution for this important issue. However, the one-size-fits-all approach contemplated by A-4414 fails to effectively address the issue and will instead lead to unintended consequences. 

The Committee Substitute of A-4414 would require developers of residential housing with 30 or more newly-constructed residential units to provide a specific set aside for low, moderate, and middle-income housing or pay a fee. This required set-aside limits a municipality’s ability to negotiate with a developer and may limit the financial viability of a project, thus reducing the number of available housing units. 

S-3056, the Senate companion for A-4414 has been referred to the Senate Community and Urban Affairs Committee but has not been scheduled for a hearing.  We urge our members to reach out to your legislators and ask them to oppose A-4414/S-3056.

Contact: Frank Marshall, Esq., League Staff Attorney, fmarshall@njlm.org, 609-695-3481 x137.


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