New Jersey A4788 prohibits municipalities from imposing affordable housing fees on businesses relocating within the same municipality or nearby areas.
New Jersey A4788 prohibits municipalities from calculating affordable housing needs or imposing related fees when a commercial or industrial entity moves or relocates within the same municipality, within the same housing region, or within a 50-mile radius from the initial location. This includes preventing municipalities from charging fees for affordable housing purposes to developers meeting specific criteria. The act takes effect immediately upon enactment.
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