New Jersey S2895 imposes a surcharge on documents filed in county offices to fund affordable housing in populous municipalities.
New Jersey S2895 mandates an additional surcharge on documents filed in county offices to support affordable housing in cities of the first class, which are municipalities with populations over 150,000. The surcharge ranges from $3 to $10 per document and is intended to provide these cities with additional revenue for rehabilitating or purchasing existing housing to create affordable units, or constructing new affordable housing. The surcharges are to be returned to the municipality's affordable housing trust fund and used for these purposes.
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