New Jersey S2761 modifies the earliest date for housing construction or rehabilitation to qualify for credits without controls.

New Jersey S2761 amends the earliest date for housing construction or rehabilitation to qualify for credits without controls, changing it from April 1, 1980 to January 1, 1948. This change aims to credit municipalities for all affordable housing constructed or rehabilitated since the date of the State Constitution. The bill requires the Commissioner of Community Affairs, in consultation with the Administrative Office of the Courts, to adopt rules and regulations to implement these changes.

New Jersey S2761 modifies the earliest date for housing construction or rehabilitation to qualify for credits without controls.

New Jersey S2761 amends the earliest date for housing construction or rehabilitation to qualify for credits without controls, changing it from April 1, 1980 to January 1, 1948. This change aims to credit municipalities for all affordable housing constructed or rehabilitated since the date of the State Constitution. The bill requires the Commissioner of Community Affairs, in consultation with the Administrative Office of the Courts, to adopt rules and regulations to implement these changes.