A4525

Extends deadline for submission of temporary certificate of occupancy for certain qualified residential projects or mixed-use parking projects under.

This bill extends the deadline for a developer to submit a temporary certificate of occupancy for certain qualified residential projects or mixed-use parking projects under the Economic Redevelopment and Growth Grant program to June 30, 2032. The current deadline is June 30, 2028. This extension applies to residential projects approved after May 1, 2017, and mixed-use parking projects approved after July 29, 2022. The projects must be located in Garden State Growth Zones with a population over 125,000, excluding certain counties.