New Jersey S3074 allows municipalities to earn bonus credits for affordable housing units reserved for teachers.

New Jersey S3074 permits municipalities to earn one credit and one-half bonus credit for each affordable housing unit reserved for low- or moderate-income households with at least one teacher. The bill defines a teacher as someone employed in a public or non-public school to teach in preschool through grade 12. This measure aims to incentivize the creation of housing for teachers, potentially helping to address housing shortages in the education sector. The bill would take effect immediately.

New Jersey S3074 allows municipalities to earn bonus credits for affordable housing units reserved for teachers.

New Jersey S3074 permits municipalities to earn one credit and one-half bonus credit for each affordable housing unit reserved for low- or moderate-income households with at least one teacher. The bill defines a teacher as someone employed in a public or non-public school to teach in preschool through grade 12. This measure aims to incentivize the creation of housing for teachers, potentially helping to address housing shortages in the education sector. The bill would take effect immediately.