New Jersey S1098 allows municipalities to credit 1.5 units of affordable housing obligation for each unit occupied by a veteran and permits.
New Jersey S1098 amends the state's fair share affordable housing obligations to credit municipalities with 1.5 units for each housing unit occupied by a veteran of low or moderate income. This bill also allows municipalities to satisfy their fair share affordable housing obligations by reserving 35 percent of all new affordable housing for low and moderate income veterans who served in time of war. The Council on Affordable Housing must credit these units toward a municipality's fair share obligation.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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