Establishes State funding preferences for municipalities that amend development regulations to allow denser residential development.
The bill establishes State funding preferences for municipalities that amend their development regulations to allow for denser residential development. It directs the Department of Community Affairs (DCA) to prioritize municipalities that have increased the number of housing units permitted for development. The DCA must publish a list of such municipalities and update it quarterly. State agencies awarding grants or financial assistance must use this list to prioritize eligible municipalities.
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- Core Provisions
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- Legal Framework
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