New Jersey A2693 allows municipalities to receive bonus credits for affordable housing units reserved for teachers.
New Jersey A2693 permits municipalities to obtain a fair share affordable housing bonus credit for housing units reserved for teachers. Specifically, a municipality can receive one credit and one-half bonus credit for each unit of affordable housing occupied or reserved for low- or 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. The bill would take effect immediately.
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