New Jersey S4680 requires the Director of the Division of Local Government Services to establish a pilot program for acquiring abandoned properties.
New Jersey S4680 mandates the Director of the Division of Local Government Services in the Department of Community Affairs to create a pilot program for acquiring abandoned properties in municipalities facing financial instability. The program, set to expire on December 1, 2031, allows the Department to acquire properties through purchase, gift, or other acquisition processes. The director must compile a list of abandoned properties using tax rolls, ground surveys, and existing lists from municipalities.
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