New Jersey A4763 requires DCA to calculate affordable housing obligations using a Statewide growth-share method.
New Jersey A4763 mandates the Department of Community Affairs (DCA) to compute affordable housing obligations using a Statewide growth-share calculation method. This method considers the growth of residential and non-residential development across the state, treating the entire state as a single housing region. The calculation excludes new housing starts during administrative gaps or prior rules adopted by the Council on Affordable Housing or DCA, and does not exceed five percent of the Statewide housing stock.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.