Removes initial mortgage period on new construction from exemptions to municipal rent control and rent leveling ordinances.
This bill repeals sections 1 through 7 of P.L.1987, c.153 to remove the initial mortgage period on new construction from exemptions to municipal rent control and rent leveling ordinances. The change applies immediately to developments with a complete application for development submitted after the bill's effective date.
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.