Legislation Advancing That Could Have Chilling Effect on Redevelopment & Affordable Housing

Time Sensitive:  Please reach out to your Legislators.
 
ACS A1571 & A-1576 would make any public work done on a property or premises for which a public body provides, approves or authorizes a tax abatement or tax exemption for the property or premises subject to the Prevailing Wage Act. 
 
The League testified in opposition to the bill before the Assembly Labor Committee joining a coalition of business organizations and building and housing associations. We are combating a false narrative that regardless of the prevailing wage requirement municipalities will still offer tax abatements and developers will still be willing to develop a project. We are concerned that this new requirement will cost a project out of existence, particularly affordable housing projects.
 
The Senate companion, S-1956, is referenced to the Senate Labor Committee. 
 
Please join us on Monday, February 8 at 12 noon for a free legislative briefing on the legislation. To register for this free briefing, please send an email to legislation@njlm.org  with the subject line “A1571 Briefing” to receive a zoom link.

We urge you to reach out to your Legislators expressing concern with the bill advancing and the impact this new requirement will have on your redevelopment and affordable housing projects.
 
Contact: Lori Buckelew, Assistant Executive Director, lbuckelew@njlm.org, 609-695-3481x112.