New Jersey A2693 allows municipalities to receive bonus credits for affordable housing units reserved for teachers.

New Jersey A2693 permits municipalities to obtain a fair share affordable housing bonus credit for housing units reserved for teachers. Specifically, a municipality can receive one credit and one-half bonus credit for each unit of affordable housing occupied or reserved for low- or moderate-income teachers. The bill defines a teacher as someone employed in a public or non-public school to teach in preschool through grade 12. The bill would take effect immediately.

New Jersey A2693 allows municipalities to receive bonus credits for affordable housing units reserved for teachers.

New Jersey A2693 permits municipalities to obtain a fair share affordable housing bonus credit for housing units reserved for teachers. Specifically, a municipality can receive one credit and one-half bonus credit for each unit of affordable housing occupied or reserved for low- or moderate-income teachers. The bill defines a teacher as someone employed in a public or non-public school to teach in preschool through grade 12. The bill would take effect immediately.