New Jersey S139 allows municipalities to credit 1.5 units of affordable housing obligation for each transitional housing unit occupied by a veteran.

New Jersey S139 amends the state's fair share affordable housing obligations by allowing the Council on Affordable Housing (COAH) to credit municipalities with 1.5 units for each unit of transitional housing occupied by a veteran. Transitional housing refers to housing with supportive services for homeless or unstable housing individuals and families, generally up to 24 months. Each unit must be subject to affordability controls for at least 10 years. The bill aims to assist veterans, particularly those with low or moderate income, by providing them with stable housing options.

New Jersey S139 allows municipalities to credit 1.5 units of affordable housing obligation for each transitional housing unit occupied by a veteran.

New Jersey S139 amends the state's fair share affordable housing obligations by allowing the Council on Affordable Housing (COAH) to credit municipalities with 1.5 units for each unit of transitional housing occupied by a veteran. Transitional housing refers to housing with supportive services for homeless or unstable housing individuals and families, generally up to 24 months. Each unit must be subject to affordability controls for at least 10 years. The bill aims to assist veterans, particularly those with low or moderate income, by providing them with stable housing options.