2024-2025 State Legislative Policy Priorities
Click here for a downloadable version of the Network's State Policy Priorities.
Municipal Affordable Housing Guidelines
- A4/S50 (Lopez/Coughlin/Singleton/Scutari)
- Abolishes the Council on Affordable Housing; Affirms ban on Regional Contribution Agreements; Sets uniform methodology for determining municipal housing obligations
- Signed into law, March 2024
Eliminating Bias in Property Appraisals
- S1311/A2280 (Pou/Ruiz/Lopez/Reynolds-Jackson)
- Penalizes holders of appraisal licenses or certifications, or appraisal management company registrations if they have knowingly engaged in a discriminatory appraisal of a residential property.
- Passed Assembly Housing Committee; Requires hearing in Senate Community and Urban Affairs Committee.
Statewide Code Red Requirements
- S2346/A2258 (Lopez/Turner/McKnight)
- Creates Code Red requirements for counties based on the state’s existing Code Blue requirements.
- Assigned to Assembly Housing Committee and Senate Health, Human Services and Senior Citizens Committee
Streamlining Affordable Housing and Assistance Applications
- S2345/A876 (Singleton/Reynolds-Jackson/Wimberly)
- This directs the New Jersey Housing and Mortgage Finance Agency to create a single, common application that would be available on the New Jersey Housing Resource Center website.
- Assigned to the Senate Community and Urban Affairs Committee and the Assembly Housing Committee
Expanding Property Owner LLC Liability and Transparency
- S2164/A892 (Ruiz/Turner/Reynolds-Jackson/Wimberly)
- Allows courts to hold LLC managers, directors, and more, for housing, building, and health code.
- Passed Senate Community and Urban Affairs Committee; Next up: Assembly Housing Committee
De-prioritizing Credit Scores for Affordable Housing Applicants and Recipients of State/Federal Supports
- S1501/A2838 (Verrelli/Turner)
- Establishes guidelines for creditworthiness concerning affordable housing programs
- Assigned to Senate Community and Urban Affairs Committee and Assembly Housing Committee
Budget
- Affordable Housing Trust Fund: Continued full funding and accounting of the Affordable Housing Trust Fund;
- Neighborhood Revitalization Tax Credit: Double NRTC to $30M from $15M
Updated March 2024 If you have any questions, please contact Director of Policy and Advocacy Matt Hersh at [email protected]
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