New Jersey S859 clarifies that municipalities can rely on adjusted affordable housing obligations for 10 years.

New Jersey S859 amends the calculation of municipal affordable housing obligations under the State’s Fair Housing Act. It specifies that a municipality receiving an adjustment to its affordable housing obligation can rely on this adjusted calculation for the entire 10-year compliance period. This means that if additional land becomes available during this period, the municipality does not need to recalculate its obligation. The bill aims to provide municipalities with certainty in planning decisions related to affordable housing.

New Jersey S859 clarifies that municipalities can rely on adjusted affordable housing obligations for 10 years.

New Jersey S859 amends the calculation of municipal affordable housing obligations under the State’s Fair Housing Act. It specifies that a municipality receiving an adjustment to its affordable housing obligation can rely on this adjusted calculation for the entire 10-year compliance period. This means that if additional land becomes available during this period, the municipality does not need to recalculate its obligation. The bill aims to provide municipalities with certainty in planning decisions related to affordable housing.