New Jersey S3208 allows municipalities to gain bonus credits for affordable housing units reserved for teachers.
New Jersey S3208 permits municipalities to obtain one credit and one-half bonus credit for each unit of affordable housing reserved for low- and moderate-income teachers. The bill defines a teacher as someone employed in a public or non-public school to teach in preschool through grade 12. This act authorizes municipalities to gain these credits towards their fair share obligation for affordable housing. The bill takes effect immediately upon enactment.
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