New Jersey A3877 establishes funding preferences for municipalities enhancing housing development opportunities.
New Jersey A3877 establishes State funding preferences for municipalities that amend their master plans and development regulations to incorporate housing strategies, aiming to enhance residential development potential. The bill identifies specific housing strategies, such as permitting higher density housing near transit stops and eliminating minimum lot size requirements. Municipalities that adopt these strategies may receive preferential status in the distribution of financial assistance.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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