Reduces affordability term for middle housing construction and conversion.
New Jersey A1206 reduces the term of affordability for affordable housing created through middle housing construction or conversion. A "middle housing" is defined as a building with two to four housing units. The bill requires that such units must have a term of affordability of at least 10 years if created or marketed after the bill's effective date. This change aims to encourage density and discourage urban sprawl.
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