New Jersey A226 establishes a process to exempt municipalities from certain affordable housing obligations based on flood risk.

New Jersey A226 creates a process to exempt municipalities from certain fair share affordable housing obligations if they are designated as extensively flood-prone. The bill directs the Commissioner of Community Affairs, in consultation with the Commissioner of Environmental Protection, to adopt rules and regulations for determining exemptions based on flood risk. These rules would serve as a basis for the council or its successor to designate municipalities as extensively flood-prone and exempt them from fair share obligations, including any present and prospective fair share obligation.

New Jersey A226 establishes a process to exempt municipalities from certain affordable housing obligations based on flood risk.

New Jersey A226 creates a process to exempt municipalities from certain fair share affordable housing obligations if they are designated as extensively flood-prone. The bill directs the Commissioner of Community Affairs, in consultation with the Commissioner of Environmental Protection, to adopt rules and regulations for determining exemptions based on flood risk. These rules would serve as a basis for the council or its successor to designate municipalities as extensively flood-prone and exempt them from fair share obligations, including any present and prospective fair share obligation.