New Jersey S4066 mandates biennial reports on unutilized state-owned property and its potential for affordable housing.

New Jersey S4066 requires the Department of the Treasury to create an inventory of all unutilized real property owned by the state. State entities must submit lists of unutilized properties under their jurisdiction to the State House Commission and the Department of the Treasury. These lists are to be analyzed for feasibility of developing, redeveloping, or renovating the properties for low- and moderate-income housing. The State House Commission and the Department of the Treasury must compile these lists and analyses into a report, which is to be submitted to the Governor and Legislature.

New Jersey S4066 mandates biennial reports on unutilized state-owned property and its potential for affordable housing.

New Jersey S4066 requires the Department of the Treasury to create an inventory of all unutilized real property owned by the state. State entities must submit lists of unutilized properties under their jurisdiction to the State House Commission and the Department of the Treasury. These lists are to be analyzed for feasibility of developing, redeveloping, or renovating the properties for low- and moderate-income housing. The State House Commission and the Department of the Treasury must compile these lists and analyses into a report, which is to be submitted to the Governor and Legislature.