New Jersey Workforce Housing Partnership Act incentivizes homebuyer assistance to employees, provides tax credits for workforce housing development.
The New Jersey Workforce Housing Partnership Act establishes a Workforce Housing Assistance Program to incentivize employers to provide financial assistance to employees buying homes. It offers tax credits for businesses contributing to employee homeownership and encourages workforce housing development by employers. The act also provides certain assistance and affordability protections for low- and middle-income residents. It appropriates $55 million to fund these initiatives.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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